PRESS RELEASE 1 Apr 2011
Pöyry awarded EUR 1.2 million assignment for design and supervision consultancy in India
PÖYRY PLC Press release 1 April 2011 at 10.20 a.m.
Pöyry's Water & Environment business group has been awarded a EUR 1.2 million contract by the Jammu & Kashmir Reconstruction Agency, funded by the Asian Development Bank (ADB) under the Jammu & Kashmir Urban Sector Development Programme. The value of the contract has been included in the order stock of the first quarter 2011.
The assignment is estimated to be completed in 2014. The work starts immediately. The initial contract which focuses on the town of Srinagar may be extended in future to other towns like Baramula, Anantnag and Kargil.
Pöyry's services include the preliminary and detailed design, the preparation of tender documents as well as the construction supervision. Main project components are the improvement of the urban infrastructure for water supply, wastewater, solid waste management and roads.
The project's investment cost amounts to EUR 47 million. The total investment cost of the Jammu & Kashmir Urban Sector Development Programme is estimated at EUR 2 billion over a period of 10 years.
Additional information by:
Markku Oksanen, President, Business Area Finland and Asia, Water & Environment Business Group, Tel. + 358 10 33 26735
Martin Bachmann, President, Water & Environment Business Group, 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).