LEMMINKÄINEN CORPORATION PRESS RELEASE 26.4.2007
Lemcon Ltd of the Lemminkäinen Group has been awarded a tunnel construction
contract worth EUR 54 million in Sweden. The new Kroksberg railway tunnel will
be built on a new section of track between Härnösand and Veda, forming part of
the 100-year-old Ådalsbana line that follows the coast of the Gulf of Bothnia.
The Kroksberg tunnel will be 4.5 kilometres long and when completed it will be
longest tunnel on the Ådalsbana line. Work at Kroksberg has already started with
the construction of two adits, and excavation of the main tunnel will begin in
the summer. The tunnel will be completed in early spring 2010. The client is
Banverket Central Region.
The Kroksberg tunnel is Lemcon's second railway tunnel contract on the Ådalsbana
line. In January 2007 the company started work on the construction of the
adjacent Bjässholmen tunnel. A total of six tunnels with a combined length of 11
kilometres will be built on the new 21-kilometre-long track section. The
Ådalsbana line connects to the Botniabana line, on which Lemcon has constructed
a number of tunnels in recent years.
- The Ådalsbana line tunnels are a strategically important group of contracts
for Lemcon in Central Sweden, says the Head of Lemcon Infra, Mr. Timo Kohtamäki.
- The new contracts are together worth about EUR 100 million. They bring
long-term sustainability to our operations and give us good development
opportunities in rock engineering generally and on the Swedish market in
Lemcon has been operating continuously on the Swedish tunnel construction market
since 1994. In addition to the Ådalsbana line contracts, the company has built
eleven other railway tunnels in Sweden.
Head of Unit, Lemcon Ltd,
Tel. +358 40 585 3113
Lemcon Ltd is Lemminkäinen Group's international project contractor, which
derives half of its net sales from operations abroad. In Finland the company
focuses on demanding infrastructure contracts and project management
contracting. The company operates as a project contractor and telecommunications
network builder in Europe, the Americas and Asia.
Lemminkäinen Group operates in all areas of the construction sector. Its main
business areas are building contracting, infrastructure construction, the
building materials industry and technical building services. Net sales in 2006
were EUR 1,795.9 million, of which international operations accounted for about
a third. The Group employs some 8,500 people. Lemminkäinen's share is listed on
Helsinki Stock Exchange.