Espoo, Finland, 2016-04-26 09:00 CEST (GLOBE NEWSWIRE) -- SRV GROUP PLC STOCK EXCHANGE RELEASE 26.04.2016, KLO 10.00
SRV has been chosen to further develop the historical, valued at about EUR 300 million, new central hospital project in Central Finland
SRV has been chosen to be a futher developer for Central Finlands Central Hospital. SRV can also be chosen to be a management contractor for a EUR 300 million new hospital project, if the final target price set by Central Finland Health Care District is achieved. In that case, the project will be largest in company´s history, which do not include the company´s own equity.
On 26 April, the Central Finland Health Care District selected SRV as the further developer of the entirely new hospital, which will be built in the vicinity of the current central hospital. The final target price of the project management contractor agreement will be confirmed at a meeting of the Administrative Council of the Central Finland Health Care District on 3 June. If SRV meets the target price by 31 July 2016, the agreement will be recognised in SRV’s order backlog and the construction of the new hospital in Jyväskylä can begin in August- September 2016.
“This is the largest contract in SRV’s history to which we are not committing our own equity. The agreement further consolidates our position in carrying out large spearhead construction projects. Our order backlog was at a record high during all of 2015; thanks to the preliminary agreement we have now signed, we firmly believe that we will maintain our momentum in 2016,” says Juha Toimela, SVP, Operations in Finland.
The construction of the new central hospital will begin in early autumn 2016 and it will be completed in phases by 2020. It will be located in Kukkumäki, Jyväskylä, in the vicinity of the current Central Finland Central Hospital. Most of the premises in the new hospital will be used for specialised healthcare. Part will be reserved for the City of Jyväskylä’s primary healthcare services.
SRV has strong experience in building healthcare and demanding specialist premises. In recent years, for instance, SRV has built an additional emergency room for the Jorvi Hospital in Espoo as well as the HUSLAB laboratory building in Meilahti, Helsinki.
“The hospital projects we’ve carried out in recent years have been highly successful – and this, naturally enough, bears fruit. For example, we completed the HUSLAB laboratory building significantly ahead of schedule and with no defects at handover. We are currently also building three new hospital buildings for the Tampere University Hospital, the New Children’s Hospital in Helsinki, and a health and wellbeing centre in Kalasatama, Helsinki, as well as renovating and expanding the HUCS Department of Obstetrics and Gynaecology,” says Juha Toimela, SRV’s SVP, Operations in Finland.
The final project management contractor agreement will be signed on by mid-August at which time the value of the contract will be specified and it will be recognised in SRV’s order backlog. The agreement is subject to the Central Finlands Central Hospital agreement becoming legally valid.
“Our investment decision in Central Finland is a historical one in local terms as well – the construction of the new hospital is the largest public investment ever carried out in the region,” says Juha Kinnunen, Director, Central Finland Health Care District.
More information
Juha Toimela, SVP Operations in Finland ,+ 358 40 594 5473, juha.toimela@srv.fi
Kimmo Kurki, procuction manager, + 358 40 705 7266, kimmo.kurki@srv.fi
Timo Kauppi, regional manager, + 358 40 592 3008, timo.kauppi@srv.fi
Päivi Kauhanen, SVP communications, + 358 50 598 9560, paivi.kauhanen@srv.fi
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