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Pöyry Oyj PÖYRY PLC Company Announcement 11 July 2008 at 5.10 p.m.
PÖYRY AWARDED EUR 7.5 MILLION ASSIGNMENT IN RING RAIL LINK PROJECT IN HELSINKI, FINLAND
The Finnish Rail Administration has made a procurement decision to order services for detail design of the tunnel part of the Ring Rail Link to the Helsinki-Vantaa airport from a consortium of consultants led by Pöyry. The value of the services provided is estimated to amount to about EUR 10.6 million. Pöyry's share of the services will amount to EUR 7.5 million. The final contract will be signed when the public procurement is legally valid approximately in August 2008. The services will be provided during the period 2008-2012.
The new railway line will connect the existing Martinlaakso line with the main line via the Helsinki-Vantaa airport. The length of the line is 18 km, of which about 8 km will be situated in a tunnel under the airport area. Three to four new underground stations will be constructed for the line. Together with the Kerava and Leppävaara urban lines and the Martinlaakso line, it will constitute an integrated urban railway loop. Trains will run at 10-minute intervals during peak periods. The shortest travelling time from Helsinki to the airport will be some 30 minutes.
The order will not be included in Pöyry's order stock as at 30 June 2008 in the Interim Report to be published in July.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to about EUR 720 million and it employs 7400 experts.
PÖYRY PLC
Heikki Malinen President and CEO
Teuvo Salminen Deputy to President and CEO
Additional information by: Pasi Tolppanen, Managing Director, Pöyry Infra Oy, Finland Tel. +358 10 332 6656 Mikko Inkala, Manager, Tunnel Department, Pöyry Infra Oy, Finland Tel. +358 10 332 1112
www.poyry.com
DISTRIBUTION: OMX Nordic Exchange Helsinki Major media
