PRESS RELEASE 28 Feb 2006
JAAKKO PÖYRY GROUP AWARDED EUR 2.6 MILLION HIGH-SPEED RAILWAY CONSTRUCTION SUPERVISION CONTRACT IN CHINA
Jaakko Pöyry Group has been awarded a contract for the construction supervision of the Zhengzhou-Xi'an high-speed railway in China by Zhengzhou-Xi'an Passenger Dedicated Line Company Ltd. Jaakko Pöyry Group's share of the contract is EUR 2.6 million. The services are scheduled for completion at the end of 2009.
The work will be performed in cooperation with local consultants including the China Academy of Railway Sciences. This high-speed railway line with operation start-up scheduled for 2010 will be the first one in China. The 450-km long railway line will have a design speed of 350 km/h and it will be implemented using the highest Chinese technical standards.
China State Council has approved an ambitious goal of expanding the country's rail network from 72 000 km to 100 000 km by 2020. The Ministry of Railways estimates costs at USD 240 billion. High-speed railway lines of 12 000 km are under planning for completion by 2020. Jaakko Pöyry Group is one of the international consulting firms selected to work on rail infrastructure projects in this market. The Group's Infrastructure & Environment business group has a long track record in consulting, engineering and project management for high-speed railways in Europe and Asia.
The Jaakko Pöyry Group's Infrastructure & Environment business group uses the brand name Jaakko Pöyry Infra. Its net sales for 2005 were EUR 165 million. The business group has offices in 26 countries and it employs 2000 experts worldwide.
JAAKKO PÖYRY GROUP OYJ
Investor Relations Manager
Additional information by:
Martin Bachmann, President Transportation Asia, Electrowatt Infra AG
Tel. +66 2 650 3410
Andy Goodwin, President Business Area Transportation, Electrowatt Infra AG
Tel. +41 76 356 2310