SRV Yhtiöt Oyj - Company Announcement

SRV to sign EUR 170 million contractor agreement on implementation of new Tampere University Hospital buildings

Espoo, Finland, 2015-06-15 14:45 CEST (GLOBE NEWSWIRE) -- SRV GROUP PLC    
STOCK EXCHANGE RELEASE     15 JUNE 2015 AT 15.45 

SRV to sign EUR 170 million contractor agreement on implementation of new
Tampere University Hospital buildings 

SRV will further strengthen its position as an implementer of the construction
of major spearhead projects. Pirkanmaa Hospital District has made the decision
to sign a contractor agreement with SRV relating to the project management
contracting of the Tampere University Hospital (Tays) front yard project. In
total,  worth EUR 170 million project management contract  agreement will be
signed in July 2015 and it concerns the construction of three new buildings in
the Tays front yard as well as a parking facility. The total investment value
of the project is EUR 240 million. Construction will begin in August and the
project will be completed in stages in the period 2017-2019. 

“The total value of our order backlog is currently EUR 1.2 billion and the Tays
front yard project contract signed in July will contribute to increasing this
significantly. SRV has strong experience in the construction of health care
facilities and demanding special premises and we will be actively pursuing
similar projects in the future. The additional emergency room building at Jorvi
Hospital located in Espoo and the HUSLAB laboratory building located at
Meilahti in Helsinki will be completed this summer, and we are also involved in
implementing the New Children's Hospital, the renovation and extension of the
Women's Hospital, and the Kalasatama health and wellness centre in Helsinki,”
says Juha Toimela, Vice President, Business Operations in Finland. 

The purpose of the new buildings is to respond to future care requirements and
facilitate new operating practices. The new, even more functional facilities
will serve those in most urgent need of care, such as children and young
people, as well as women in labour and patients suffering from musculoskeletal
and cardiovascular diseases. 

“The reform of Tays is a major joint project in Pirkanmaa enabling us to ensure
high quality and modern health care services for the region's growing
population. We are also renewing our operating practices, so that we can
guarantee good care and service to each and every patient in the future. The
project will have an important job-creating impact. In Pirkanmaa, the new
construction will generate a total of 3,300 person-years of work in
construction, transportation and subcontracting,” explains Pirkanmaa Hospital
District Director Rauno Ihalainen. 

Further information:

Juha Toimela, Vice President, Business Operations in Finland, tel. +358 40 594
5473, juha.toimela@srv.fi 
Päivi Kauhanen, Vice President, Communications, tel. +358 50 598 9560,
paivi.kauhanen@srv.fi 

www.srv.fi