Consortium between Pöyry, VR Track and YIT selected to implement the light rail project in Tampere,

Consortium between Pöyry, VR Track and YIT selected to implement the light rail project in Tampere, Finland

ID: 402084

(Thomson Reuters ONE) -



PÖYRY PLC   Press Release 22 June 2015 at 3 pm (EEST)

Consortium between Pöyry, VR Track and YIT selected to implement the light rail
project in Tampere, Finland

The City of Tampere has awarded Tralli, a consortium comprising of Pöyry, VR
Track and YIT, to carry out the light rail project in Tampere, Finland. The
project is to be carried out employing the alliance model, whereby the client,
engineers and contractors work jointly in the execution.

The light rail system will be constructed in the busiest part of the Tampere
public transport system, from the city centre to Sampola. In Sampola, the line
will fork in two, with one line leading to the University of Tampere and the
other to the Hervanta area. The 23.5 kilometre line covered by the project will
contain 23 to 25 stops. The cost estimate for the project is approximately EUR
250 million.

The development phase of the project will begin in July 2015. Pöyry and VR Track
will be jointly responsible for all engineering both in the development phase
and the implementation. After the development phase, separate decisions will be
made on the start of the implementation phase during which VR Track and YIT will
be in charge of the construction. If the implementation will be started, the
light rail system is to be completed in two parts, in 2019 and 2023.

The combined strength of Pöyry, VR Track and YIT is based on their extensive
experience in various challenging transportation projects. In this project, the
core of the approach consists of infrastructure modelling in which all three
companies have solid experience.

"In an alliance project, all parties have a vested interest in ensuring the
success of the project. Pöyry is fully committed to providing the project with
its best infrastructure engineering expertise," states Mikko Inkala, President




of Pöyry's Infrastructure Design Unit.

"The light rail system is one of the most significant infrastructure projects in
Finland, providing a great opportunity for the entire consortium. All parties
involved have prior experience in working with the alliance model, so we have
good conditions for building a successful project," states Harri Lukkarinen,
Vice President of Construction at VR Track Oy.

"The expertise areas of the parties in the alliance support each other, which
creates an excellent framework for implementing the project successfully and in
tight co-operation with stakeholder groups. The light rail project is exciting
and very significant for YIT, and it supports our objective of participating
intensely in the development of new operating models for the field of
infrastructure, while also allowing us to play a part in developing and building
the Tampere region," says Jarkko Salmenoja, Vice President at YIT.

The value of the order is undisclosed. The order will be recognised within the
Regional Operations order stock in Q3/2015.

The purchase decision issued by the City of Tampere on June 22 will enter into
force after the appeal period closes three weeks after the date of the decision.
The contract for the development phase will be signed after that.

Additional information by:

Mikko Inkala
President, Infrastructure Design Unit, Regional Operations Northern Europe
Tel. +358 1033 21112

Pasi Tolppanen
President, Regional Operations Northern Europe
Tel. +358 1033 26656

Pöyry is an international consulting and engineering company. We serve clients
globally across the energy and industrial sectors and provide local services in
our core markets. We deliver management consulting and engineering services,
underpinned by strong project implementation capability and expertise. Our focus
sectors are power generation, transmission & distribution, forest industry,
chemicals & biorefining, mining & metals, transportation and water. Pöyry has an
extensive local office network employing about 6,000 experts. Pöyry's net sales
in 2014 were EUR 571 million and the company's shares are quoted on NASDAQ OMX
Helsinki (Pöyry PLC: POY1V).



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Pöyry Oyj via GlobeNewswire
[HUG#1930226]




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Datum: 22.06.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 402084
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