27.11.2025 11:00:00 EET | GRK Infra Oyj | Investor News
On 26 November 2025, a consortium formed by GRK and Kreate signed an agreement with the City of Vantaa on the first implementation phase of the eastern section of the Vantaa tramway. The revised total cost estimate of the Vantaa tramway is approximately EUR 750 million. The construction volume of the eastern section alliance is estimated at EUR 280 million, which is divided equally between the parties to the consortium. Kreate and GRK have 50/50 shares in the construction of the eastern section, which means that the value of the contract for each is approximately EUR 140 million.
GRK Infra Oyj Investor News 27 November 2025 at 10:00 a.m.
The concluded implementation agreement for the first phase is a continuation of the development phase of the project, which started last autumn. GRK will record more than EUR 45 million in its order backlog for the first phase. The construction of the eastern section of the Vantaa tramway will begin in December.
The implementation of the second phase of the eastern section is estimated to take place in spring 2026 through a separate agreement. The contract amount of the second order phase is estimated to be significantly higher than the first contract.
In addition to Kreate and GRK, the eastern alliance includes the design parties AFRY Finland, Sweco Finland and WSP Finland.
Jonna Tuomiranta from GRK is the project manager for the eastern section alliance and Sami Kari from Kreate is the deputy project manager. The eastern section alliance has a lot of of procurement and construction expertise.
"During the development phase, we designed the best construction solutions together with our alliance partners. The transition to the implementation phase is an important milestone in our joint work. The Vantaa tramway project strengthens both companies' long-term expertise in major rail and infrastructure investments. Our team is full of energy and ready to start construction," Tuomiranta sums up.
Construction starts in December
The eastern alliance will construct an approximately 8.5-kilometre tram section for the City of Vantaa. The project includes the tramway system as well as stops, lanes, bicycle and pedestrian lanes and underground infrastructure, such as water supply lines and foundation reinforcements. In addition, new bridges will be built in the eastern section, for example over Ring Road III and Porvoonväylä.
During the development phase, preparatory work has been carried out in the vicinity of the bridge over Porvoonväylä. The actual construction will start in December at several different sites.
"We will start construction by moving the gas pipes in the Kuusikko area. The work will start at Heidehof park and continue on Kyytitie. In addition, we are launching a project on the other side of Länsimäentie in the Porvoonväylä bridge area," Tuomiranta explains.
The eastern section of the Vantaa tramway is scheduled to be completed by the end of 2029. Another alliance is responsible for the construction of the tramway project in the western section between Tikkurila Airport and Tikkurila.
More information:
Jonna Tuomiranta
Project Manager
+358 505393932
jonna.tuomiranta@grk.fi
Contacts
- Markku Puolanne, CFO, GRK Infra Plc, +358 40 069 4114, markku.puolanne@grk.fi
About GRK Infra Oyj
GRK designs, repairs and builds roads, highways, tracks and bridges in order to make everyday life run smoothly, promote people meeting each other and to create a more sustainable future. GRK's expertise also includes environmental technology. We operate in Finland, Sweden and Estonia with approximately 1,100 professionals. GRK's core competencies include the execution of versatile infrastructure construction projects, project management of both small and large projects as well as extensive rail expertise. GRK provides services from design to construction and maintenance.
Our customers include the state administration, municipalities and cities, as well as the private sector. GRK works on several projects in alliance with other companies of the infrastructure construction sector. In addition to the parent company of the group, GRK Infra Plc, the group consists of subsidiaries in each operating country: GRK Finland Ltd in Finland, GRK Eesti AS in Estonia and GRK Sverige AB in Sweden. The parent company of the group, GRK Infra Plc, is responsible for the administration and financing of the group. The subsidiaries GRK Finland Ltd, GRK Eesti AS and GRK Sverige AB carry out the operational activities of the group.