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STOCK EXCHANGE RELEASE 21 Dec 2010

Pöyry awarded EUR 6,9 million railway engineering assignment in Romania

PÖYRY PLC          Company Announcement 21 December 2010 at 4:10 p.m.

 

Pöyry's Urban & Mobility business group has been awarded an extension to its existing engineering contract by the national railway company CNCF CFR SA Romania, comprising design for the rehabilitation of the railway line Hungarian border - Curtici - Simeria. The value of the contract extension is EUR 6,9 million.

 

Pöyry's services include the design of rehabilitation works, procurement services and technical assistance during construction phase. The work starts in the beginning of 2011 and is expected to continue for five years.

 

This 184 km railway line is part of the IV Pan-European Corridor, an important transport route between East and Middle Europe. Upgrading allows trains to travel at the speed of 160 km/h. Pöyry has been working on the Hungarian Border-Curtici-Simeria line from 2007. This assignment reinforces Pöyry's position in the Eastern European market.

 

Pöyry is currently working in various rail projects worldwide. The assignments include for instance supervision of several high speed rail construction projects in China and Spain, rail design projects in Poland, Germany and Finland as well as metro projects in Brazil, Peru and Finland. 

 

PÖYRY PLC

 

Additional information by:
Andy Goodwin, President, Urban & Mobility business group, Switzerland
Tel. +41 44 355 5555
Valtter Kari, President, Business Area Eastern Europe, Urban & Mobility business group
Tel. +358 10 33 23910

 

Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts and the local office network in about 50 countries. 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