SRV Yhtiöt Oyj - Company Announcement

SRV wins about EUR 290 million contractor agreement for the implementation of Central Finland Central Hospital

Espoo, Finland, 2016-06-03 13:52 CEST (GLOBE NEWSWIRE) -- 

SRV GROUP PLC     STOCK EXCHANGE RELEASE     3 June 2016 at 2:55 PM


SRV wins about EUR 290 million contractor agreement for the implementation of
Central Finland Central Hospital 


SRV will further boost its position as implementers of large, high-profile
projects. The Council of Central Finland Health Care District approved the new
hospital's more detailed overall budget and the project management contractor
agreement worth about EUR 290 million agreed with SRV on 3 June 2016.  The
final project management contract agreement will be signed in June. 

A new central hospital will be built near the existing Central Finland Central
Hospital in Kukkumäki in 2020. The total investment in the new central hospital
will be worth about EUR 490 million. 

"This is a historic agreement for SRV, because it's the company's largest
contract in which our company's own capital will not be tied. Our order backlog
totalled EUR 1,6 billion at the end of March. Central Finland Central Hospital
will significantly increase our already record-high order backlog. The final
target price of the project management contractor agreement was  confirmed at a
meeting of the Administrative Council of the Central Finland Health Care
District. This is a great example on how  SRV could found reduction on costs in
co-operation with the client in order  to meet the target price set,” says Juha
Toimela, who is in charge of operations in Finland. The project will be
included in SRV's backlog following the agreement's signature on 15 June 2016.
The prerequisite for signing the agreement is that the decision made by the
Council of Central Finland Health Care District has entered into force. 

The new hospital will be built near the existing central hospital. Most of the
hospital premises will be taken up by specialised care, while some will be
reserved for the City of Jyväskylä's basic health care.  Earth-moving for the
new hospital will begin in early August and actual construction in the
beginning of September 2016.   The new hospital will comprise 100,000 gross
square metres. The hospital will improve health care efficiency, change
structures, processes and logistic solutions and integrate basic health care,
specialised care and social work services. The hospital's expenses will be
divided among the 21 municipalities that make up the Council of Central Finland
Health Care District. 

SRV has solid experience in the construction of health care and specialised
premises. In recent years, for example, SRV has built the A&E annex to Jorvi
Hospital in Espoo, and the HUSLAB laboratory building in Meilahti, Helsinki. 

"The hospital projects we have carried out in recent years have been extremely
successful. The HUSLAB laboratory building, for example, was completed ahead of
schedule, with zero faults. We are currently also working on three new
buildings for Tampere University Hospital; the New Children's Hospital in
Helsinki; the basic renovation and extension of the Women's Hospital; and the
health and wellbeing centre in Kalasatama, Helsinki,“ says Mr Toimela. 



For more information, contact:
Juha Toimela, Vice President, Operations in Finland, +358 40 594 5473,
juha.toimela@srv.fi 
Kimmo Kurki, Production Manager, +358 40 705 7266, kimmo.kurki@srv.fi
Timo Kauppi, Regional Director, +358 40 592 3008, timo.kauppi@srv.fi
Päivi Kauhanen, SVR, Communications, +358 50 598 9560, paivi.kauhanen@srv.fi
www.srv.fi



You can also find us on social media:

Facebook   LinkedIn   Twitter   Instagram



SRV – Building for life