LEMMINKÄINEN CORPORATION INVESTOR NEWS 24.6.2008, 13.15
SIGNIFICANT TUNNEL CONTRACTS FOR LEMMINKÄINEN INFRA OY IN SWEDEN
Lemminkäinen Group's Lemminkäinen Infra Oy has been awarded two railway tunnel
construction contracts in Sweden. The combined value of the contracts is approx.
EUR 43 million. Both works will be carried out on the new section of the
Ådalsbana line between Härnösand and Veda.
The larger of the two contracts belongs to construction works further to the
north on the Ådalsbana line at Hallberg and Snaraberg. The contract includes the
construction of track tunnels measuring 2.3 and 0.8 kilometres in length as well
as their connecting rescue tunnels. Altogether 5.2 kilometres of tunnels will be
constructed. Construction work will begin in July and will last for two years.
The contract is worth approx. EUR 40 million and the client is Banverket.
The other work is the Utansjö railway tunnel, which will be constructed as a
subcontract for Vägverket Produktion. The tunnel is 230 metres long and located
to the north of Bjässholmen tunnel currently being constructed by Lemminkäinen.
The contract is worth approx. EUR 3 million.
- These new contracts are a significant extension to the tunnel construction
works worth approx. EUR 100 million that Lemminkäinen Infra Oy is presently
carrying out on the Ådalsbana line. The new contracts bring continuity to our
rock engineering business in Sweden and support its long-term development, says
the Managing Director of Lemminkäinen Infra Oy, Mr. Timo Kohtamäki.
Lemminkäinen Infra Oy has been continuously active on the Swedish tunnel
construction market since 1994. Excluding these new works, the company has so
far built 14 railway tunnels in Sweden.
Director Harri Kailasalo
Lemminkäinen Infra Oy
Tel. +358 2071 53394, +358 400 401 538
Lemminkäinen Infra Oy is Finland's biggest infrastructure construction company.
The company's operations include the construction and maintenance of road,
street and rail networks, as well as rock and foundation engineering works. The
company also has it own asphalt, ready-mix concrete and mineral aggregate
production. Lemminkäinen Infra Oy's key markets are in the Baltic Rim region.
International operations make up about a half of the company's net sales, which
totalled EUR 820 million in 2007. The company employs approx. 3,300 people.
Lemminkäinen Group operates in all areas of the construction sector. Its
business sectors are building construction, infrastructure construction,
technical building services, and building products. Net sales in 2007 were
approx. EUR 2.2 billion, of which international operations accounted for over a
quarter. The Group employs about 9,200 people. Lemminkäinen Corporation's share
is quoted on OMX Nordic Exchange Helsinki.