PÖYRY PLC Press Release 29 November 2016 at 17.00 (EET)
Pöyry, YIT and VR Track have signed an agreement with the City of Tampere for the implementation of the Tampere light rail project. The revised cost estimate for the implementation stage is EUR 238.8 million.
The first phase of construction will commence in the first half of 2017 and is expected to last until 2021. During this phase, the new rail line will extend 15 kilometers, from the city centre to Hervanta and to the Central Hospital, and a depot will be constructed in Hervanta.
According to the plans, the second phase of construction will take place in 2021-2024. It will expand the rail network from the city centre to Lentävänniemi.
The project will be implemented using the alliance model, with YIT, VR Track and Pöyry providing the service ordered by the City of Tampere. In the alliance model, the client, designers and contractors co-operate throughout the implementation.
"The representatives of Tampere and the engineers and contractors of the light rail project have worked hard together for over a year to find the best solutions for the project. The implementation decision will realise this work for the benefit of Tampere, resulting in a smooth implementation of the project and a high quality light rail system. We at Pöyry are proud to support the strong development of the Tampere region," confirms Mikko Inkala, President of Pöyry's Infrastructure Design Unit.
"Alliance partners' close cooperation and commitment to high objectives of the project from the very beginning have made it possible to implement the tramway. Construction of tramway will be visible in the streets of Tampere, but the implementation plan drawn up together in the development phase and a strongly connected Alliance team will create excellent conditions for the smooth implementation of the project," says Harri Lukkarinen, Managing Director of VR Track.
"YIT's revised strategy emphasises project development in growth centres and focuses increasingly on the involvement of partners. The collaborative alliance model adopted in the Tampere light rail project matches this objective very well. The project is significant in terms of size. It also plays an essential role in the development of the Tampere region, in which YIT wants to be closely involved," says Jouni Forsman, Head of YIT's Infra Services business division.
The value of the order is undisclosed. The order will be recognised within the Regional Operations order stock in Q4/2016.
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
Did you know? Pöyry has experience in transportation projects in over 50 countries worldwide including the Cross-City Link, Zurich main station, which will cater for 500,000 people daily by 2020. http://www.poyry.com/sectors/infrastructure/transportation/rail-systems (http://www.poyry.com/sectors/infrastructure/transportation/rail-systems)
About Pöyry
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 2015 were EUR 575 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).
www.poyry.com (http://www.poyry.com)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire
