Helsinki, Finland, 2015-02-09 13:00 CET (GLOBE NEWSWIRE) -- YIT CORPORATION INVESTOR NEWS FEBRUARY 9, 2015 AT 2:00 PM
YIT implements the Torkinmäki public-private partnership project in Kokkola, Finland in co-operation with Caverion
YIT has signed an agreement with the City of Kokkola on the implementation of the Torkinmäki school and day care centre as a public-private partnership (PPP) project. The project will be implemented in co-operation with Caverion, and its value for YIT is approximately EUR 9 million. The planning of the project will be started immediately, and it is due to be completed for introduction at the turn of the year 2016–2017.
The Torkinmäki school and day care centre construction project is the first project to be implemented as a PPP project in Kokkola. In its entirety, the PPP project covers the design and construction of the school and day care centre, and, after the site has been completed, its management, service and maintenance for a service period of 20 years. YIT is responsible for the implementation of the design and construction phase in the project.
The facilities of the two-storey building of the Torkinmäki school and day care centre are divided into four wings according to the different functions, and the design pays special attention to the easy adaptability of the facilities. The gross area of the building is approximately 7,200 square metres.
“The Torkinmäki project is an excellent demonstration of the design of a new kind of learning environment, where pedagogic principles and innovative development have become an integral part of the project,” says Hannu Soikkeli, Vice President at YIT.
“PPP and various other partnership projects are included in YIT’s strategic focus areas. We are glad to see these project models become more common, as we believe that they significantly develop the co-operation between the parties and high quality in the long term. PPP and other partnership models bring new, more customer-oriented thinking also to the construction industry,” continues Soikkeli.
Illustrations on the project:
http://yit.materialbank.net/NiboWEB/YIT/showCartPublicContent.do?uuid=6993435&random=102769&lang=en, source: LINJA ARKKITEHDIT OY
For additional information, please contact:
Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Hannu Soikkeli, Vice President, YIT Construction Ltd, tel. +358 400 409 445, hannu.soikkeli@yit.fi
YIT CORPORATION
Sanna Kaje
Vice President, Investor Relations
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured for us a strong market position: We are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com