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PRESS RELEASE 18 Aug 2011

Pöyry to provide technical assistance for Panama Metro

PÖYRY PLC          Press release 18 August 2011 at 11.00 a.m.

Pöyry's Urban & Mobility Business Group has been awarded a contract to provide specialised technical assistance to the consortium in charge of project management for the design and construction of Line 1 of the Panama Metro. The value of assignment is EUR 2.1 million.

Pöyry's services are related to the implementation of the whole metro system. The project began in July 2011 and is expected to be completed by June 2014.

The Panama Metro will be the first to be built in Central America. Pöyry's previous advisory services for the project have included the basic design, bidding process and support during the award to the construction consortium. These were completed in excellent time.

The metro line when complete will be 13.7 kilometres long and have 11 stations. Seven kilometres of the line will be underground and five on an elevated track.

The new metro line will make a very significant difference to the almost 800 000 Panamanians who use public transport every day. It will increase the quality of life of the inhabitants, by improving the mobility within the whole city and increasing the safety of public transport. At the same time the metro will reduce the pollution produced by the existing obsolete transport system.  

PÖYRY PLC

Additional information by:
Thierry Dugay, President, Business Area Latin America & Spain, Urban & Mobility Business Group, Spain
Tel. +34 91 534 13 95
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 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 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2010 were EUR 682 million and the company's shares are quoted on NASDAQ OMX Helsinki. (Pöyry PLC: POY1V).

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www.poyry.com