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PRESS RELEASE 28 May 2010

Pöyry awarded EUR 1.1 million rail rehabilitation project in Argentina

PÖYRY PLC          Press release 28 May 2010 at 1.15 p.m.

 

Pöyry has been awarded a contract by the Argentine Railways Infrastructure Administration (ADIF) for the executive project approval and inspection of the tracks total renewal works for the "General Belgrano" cargo railway system. The work will be carried out in cooperation with the Argentine company IATASA. Pöyry's share of the assignment is EUR 1.1 million.

 

The scope of work includes the review and approval of the detail engineering and the inspection and supervision of the works. The estimated duration of the service period is approximately 1.5 years.

 

This gradual rehabilitation of the General Belgrano railway network is part of the rail system recovery policy promoted by the National Transport Secretary. The first section of 40.5 km is in the province of Santiago del Estero and the second one, 38 km, in the province of Chaco. This narrow gauge railway system reached nearly 10 000 km already in the 1960s, but it needs renewal to meet the current transportation needs. It is a vital network in linking the central, western and northern parts of Argentina.

 

PÖYRY PLC

 

Additional information by:

Javier Rodríguez, President, Business Area Latin America & Spain, Spain

Tel. +34 649 454 233

Andy Goodwin, President, Urban & Mobility Business Group, Switzerland
Tel. +41 44 355 5555

 

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

 

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www.poyry.com