YIT to carry out the athletics stadium and arena construction in Latvia

YIT to carry out the athletics stadium and arena construction in Latvia

YIT and Valmiera city have signed an agreement on athletics stadium and arena construction in Valmiera, northeast Latvia. The work will begin in February 2018 and it will be completed in February 2020. The value of the contract is approximately EUR 18 million and it is included in the order backlog in the first quarter of the year.

The contract includes construction of the stadium with technical and accommodation facilities, open stands for 1,250 spectators as well as outdoor sports fields.

For further information, please contact:

Mika Leppänen, Senior Vice President, Infrastructure projects, The Baltic Countries, tel. +371 266 47 566, mika.leppanen@yit.lv

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our combined annual turnover for 2017 was nearly EUR 3.8 billion. YIT Corporation's share is quoted on Nasdaq Helsinki Oy. www.yitgroup.com

Photo source: Architect company “Ivara Šļivkas birojs” SIA