YIT has won seven road maintenance contracts for 2024-2029
YIT Corporation Investor News 14 March 2024 at 08:30 a.m.
YIT has won seven road maintenance contracts for 2024-2029
YIT has won seven state road maintenance contracts for the years 2024-2029. The contracts cover the areas of Espoo, Joensuu, Kankaanpää, Kouvola, Salo, Seinäjoki and Vantaa. The total value of the contracts is approximately EUR 112 million, which will be recorded in the order book for the second quarter of 2024. The contracts will commence on October 1, 2024. The duration of the contracts is five years with the exception of Kankaanpää’s contract that lasts for seven years.
YIT manages public and private road and street networks in ELY centers, cities and municipalities. A collaborative project model is used for road maintenance contracts. YIT also carries out road repair for private road maintenance associations.
"Our long experience in managing regional contracts has established our operations throughout Finland. We are delighted that our clients trust our experience in the contract areas that have now been secured. The maintenance of roads, streets and areas is a year-round service which ensures the functionality and the preservation of value of our living environment," said Aleksi Laine, EVP of the Infrastructure segment at YIT.
For further information:
YIT’s Corporate communications, tel. +358 44 743 7536, [email protected]
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition. We employ approximately 4,300 professionals in eight countries. Our revenue in 2023 was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
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