PRESS RELEASE 20 Jan 2012
Pöyry to provide technical services to the Ho Chi Minh City Metro in Vietnam
PÖYRY PLC Press release 20 January 2012
Pöyry`s Urban Business Group has been awarded a contract to provide services for the design, tender documentation and site supervision phases for Line 2 of the Ho Chi Minh City Metro, Vietnam. Pöyry's share of the assignment is approximately EUR 13 million and it has been booked in the first quarter order stock 2012.
The assignment will be carried out with Pöyry as the technical leader of a consortium. The other members include ILF Beratende Ingenieure GmbH, Germany, Obermeyer Planen + Beraten, Germany and Tedi South, Vietnam,
The project is being managed by MAUR - Management Authority for Urban Railways of Ho Chi Minh City. The consulting services are being financed by German KfW, which finances economic and social progress in developing countries. The project will start in February 2012, and the duration of the design and tender documentation phase will be 18 months. The site supervision phase will last an additional 5 years.
The project includes both the civil work and the system-related services. When completed, the metro line will be 11,1 km long and have 11 stations and one depot; 9.3 km of the line will be underground and 1.8 km will be on an elevated track.
Metro Line 2 will become part of a new metro network in Ho Chi Minh City, which will improve mobility for the 7 million inhabitants significantly. It will also increase public transport safety, at the same time that it reduces the pollution produced by private transport, therefore making a major contribution to the sustainability of Ho Chi Minh City`s transportation system.
Martin Bachmann, President, Urban Business Group
Tel. +41 44 355 5555
Vice President Growth and Business Development, Urban Business Group
Tel. +49 7621 930045
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)