Lemminkäinen to take part in a major road project in Lithuania
Press release, 6 April 2009
UAB Lemminkainen Lietuva, a subsidiary of Lemminkäinen Infra Oy, has signed a contract for a major road construction project with the Lithuanian Road Administration. The project involves basic improvement works on the motorway built in 1987 between Vilnius and Klaipeda. The contract is worth some EUR 17 million, with the funding being provided by the EU and the Lithuanian government.
Lemminkainen Lietuva will participate in the project as a partner in a consortium consisting of three construction companies. Lemminkäinen will carry out slightly over one third of the work under the contract.
Lemminkainen Lietuva’s portion of the road project includes the renewal of the asphaltic surfacing on a 14-kilometre stretch of road. The road will also be widened over a section of almost two kilometres. In addition, 20 kilometres of metal rail and 30 kilometres of game fence will be installed. The company’s contract also includes the construction of an underpass and the repair of four bridges.
Over the past ten years, Lemminkäinen Infra Oy has been involved in a range of World Bank/EU funded transport facility projects in the Baltic countries and Ukraine. This spring, the company has started similar road projects in Estonia and Moldova.
Director Timo Vikström
Lemminkäinen Infra Oy
Tel. +358 400 740 057
Regional Director Kalle Kauppi
Lemminkäinen Infra Oy
Tel. +358 400 423 765
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 903 million in 2008. The company employs approx. 3,600 people. www.lemminkaineninfra.com
Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are building construction, infrastructure construction, technical building services, and building products. Net sales in 2008 were approx. EUR 2.5 billion million, of which international operations accounted for a full quarter. The Group employs about 9,800 people. Lemminkäinen's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com