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STOCK EXCHANGE RELEASE 30 Apr 2008

PÖYRY AWARDED EUR 10 MILLION RAILWAY ENGINEERING ASSIGNMENT FOR THE GOTTHARD BASE TUNNEL IN SWITZERLAND

Pöyry has been awarded an engineering services contract in the Gotthard Base Tunnel project by the Swiss Transtec Gotthard Consortium. The assignment comprises support of the operational management, technical coordination and planning integration. The value of the contract is about EUR 10 million.
 
AlpTransit Gotthard as owner assigned the Transtec Gotthard Consortium the work contract for the installation of the railway infrastructure in the Gotthard base tunnel. The Transtec Gotthard Consortium comprises the following companies: Atel Installationstechnik AG, Alcatel-Lucent Schweiz AG, TRSS Thales Rail Signalling Solutions AG, Alpine-Bau GmbH, and Balfour Beatty Rail GmbH.
 
The Consortium contract is for implementation planning and installation of the railway installations and involves equipping the two single-track tunnels, each with a length of 57 km, as well as the overground lines to the north and south with a total length of around 11 km.
 
Installation of the railway infrastructure through the south entrance will start in the second half of 2009, and through the north entrance at Erstfeld at the end of 2011. Commercial operation of the world's longest railway tunnel with scheduled train services is planned to start at the end of 2017. This pioneering achievement of the 21st century will bring major improvements to travel and transportation systems in the heart of Europe.
 
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 7400 experts.
 
PÖYRY PLC
 
Erkki Pehu-Lehtonen
President and CEO
 
Teuvo Salminen
Deputy to President and CEO
 
Additional information by:
Martin Bachmann, President, Pöyry Infra AG, Switzerland
Tel. +41 76 356 2063
Andreas Siegrist, Head of Railway Services, Pöyry Infra AG, Switzerland
Tel. +41 76 356 2163
 
 
DISTRIBUTION:
OMX Nordic Exchange Helsinki
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