PRESS RELEASE 20 Sep 2005
JAAKKO PÖYRY GROUP AWARDED CONTRACT FOR MASS TRANSIT SYSTEM IN VENEZUELA
Electrowatt Infra Latin America, which is part of the Jaakko Pöyry Group's Infrastructure & Environment business group, has been awarded an extension to their existing consultancy engineering contract with Metro de Maracaibo C.A. in connection with Line 1 of the light rail transport system in Maracaibo, Venezuela. The total value of the contract extension amounts to EUR 1.5 million.
The contract relates to design review, site supervision, quality management, contract management, supervision of the maintenance of electro-mechanical equipment and rolling stock, planning and employee training. The services are to be carried out by end of 2007.
Electrowatt Infra Latin America has a large number of major transport projects on its track record. Projects have been undertaken in Argentina, Brazil, Chile, Costa Rica, Colombia, Mexico, Peru and Venezuela. Electrowatt Infra has been the client's agent for the implementation of the Maracaibo transport system since 2002.
The Jaakko Pöyry Group's Infrastructure & Environment business group uses the brand name Jaakko Pöyry Infra. Its net sales for 2004 were EUR 142 million. The business group has offices in 25 countries and employs 2000 experts worldwide.
JAAKKO PÖYRY GROUP OYJ
Investor Relations Manager
Additional information by:
Gerhard Schmitz, Head of Electrowatt Infra Latin America
Tel. +41 76 356 2146
Andy Goodwin, President, Business Area Transportation, Jaakko Pöyry Infra
Tel. +41 76 356 2310