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PRESS RELEASE 10 Oct 2008

PÖYRY AWARDED CONTRACT FOR HIGHWAY DESIGN IN VENEZUELA

PÖYRY PLC          Press release 10 October 2008 at 3.30 p.m.
 
PÖYRY AWARDED CONTRACT FOR HIGHWAY DESIGN IN VENEZUELA
 
Pöyry has been awarded a detail engineering contract by Petroleos de Venezuela, SA for the design of a 120 km interstate highway in Maturin, Monagas State, Venezuela. The total value of the contract amounts to EUR 2.4 million.
 
The project includes the detail engineering and special studies such as topographical surveying, geotechnics, soil engineering, environmental planning, hydraulics and safety assessment for three sections of the highway. The services are to be carried out between October 2008 and November 2009. This assignment reinforces Pöyry's strategy of expanding its road engineering business in Latin America.
 
Pöyry has an excellent track record for major transportation projects in Latin America. Projects have been undertaken in Argentina, Brazil, Chile, Costa Rica, Colombia, Ecuador, Mexico, Peru and Venezuela.
 
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to about EUR 720 million and it employs 8000 experts.

PÖYRY PLC
 
Teuvo Salminen
Deputy to President and CEO
 
Additional information by:
Javier Rodriguez, Head of Pöyry Infra Ltd., Latin America - Madrid, Spain
Tel. +34 91 382 2300
Andy Goodwin, President, Pöyry Infra, Zurich, Switzerland
Tel. +41 76 356 2310
 
 
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