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Published:
2016-06-03 13:52:22 CEST
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

 

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