LEMMINKÄINEN CORPORATION PRESS RELEASE 20.1.2009, at 10.00
LEMMINKÄINEN WINS MAJOR ROAD CONTRACT IN MOLDOVA
On 19 January 2009 Lemminkäinen Group's Lemminkäinen Infra Oy signed an
agreement with the Moldovan Road Administration for a sizeable road contract
involving basic improvement works on a 14-kilometre-long section of the highway
between Chişinău, the capital of Moldova, and Hînceşti, a town located some 30
kilometres to the southwest. The contract is being funded by the European
Investment Bank (EIB) and is worth EUR 13.5 million.
The road section in question is a four-lane highway with a pavement that is
partly asphalt and partly concrete. The contract includes renewal of the
highway's structural and wearing courses, asphalt paving of the concrete road,
repair of the pavement structure on four bridges, as well as painting,
road-marking and safety barrier works. Over 50,000 tonnes of asphalt mix will
be used in the contract. The work will commence this spring and will be
completed towards the end of 2010.
”This new contract is the latest in a series of World Bank/EU-funded highway
projects that we have carried out in the Baltic states and Ukraine over the
past ten years,” says the Managing Director of Lemminkäinen Infra Oy, Mr.
Director Timo Vikström
Lemminkäinen Infra Oy
Tel. +358 400 740057
Regional Director Kalle Kauppi
Lemminkäinen Infra Oy
Tel.+358 400 423765
NASDAQ OMX Helsinki
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 its 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 main
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 NASDAQ OMX Helsinki Ltd.