Finnra, the Finnish Road Administration, awarded the PPP to Tuition Ykkostie of which Skanska Infrastructure Development holds a 41% interest. John Laing will invest approximately £8m in the concession company, representing a 41%share with the remaining 18% held by Finnish company Lemminkainen Corporate. Skanska Finland and Lemcon, a subsidiary of Lemminkainen, will undertake the construction valued at €299m of which Skanska has 55%. Skanska Finland and Lemcon will also carry out all operation and maintenance work.
The project includes the construction of 51km of new motorway, seven hard-rock tunnels (with an aggregate length of 5km), eight interchanges and 76 bridges (the longest of which is 360m). This is the first project of a broad series introduced by the Ministerial Working Group in Finland last year.
The contract term is for 21 years and the expressway is estimated to be open for traffic by November 2008.
Meanwhile, new presidents are being appointed for Skanska’s business units in Denmark and Poland.
Jan-Gunnar Glave has been named president of Skanska Denmark and Roman Wieczorek is to be the new president of Skanska Poland.
Glave will leave the company’s Poland department, where he has headed a reorganisation over the past four years. He will succeed Skanska Denmark’s current president, Klaus Steen Mortensen. Wieczorek will assume the position as President of Skanska Poland immediately. He has worked at Skanska for eight years, most recently as vice president and before that as director of the General Construction Division.