Destia and YIT consortium has been selected as the preferred bidder for E18 motorway between Koskenkylä and Kotka
A consortium formed by Destia, YIT and Meridiam Infrastructure Finance II S.á.r.l. has been selected as the preferred bidder for the E18 motorway between Koskenkylä and Kotka. The project will be implemented using the life cycle model and has been granted a contract authorisation of EUR 650 million, which will form the basis for the agreement negotiations following the tender process with the Finnish Transport Agency. The service contract is expected to be signed in November 2011, and the construction of the motorway is expected to commence towards the end of the year. The road section is estimated to be fully completed in 2015.
The motorway between Koskenkylä and Kotka will be implemented using the life cycle model, where the Finnish Transport Agency orders an entity comprising the design, construction, maintenance and financing of the motorway from the selected service provider. After the completion of the road section, the selected service supplier will be responsible for the maintenance and financing of the road until 2026.
In Finland, the life cycle model has been utilised previously in the implementation of the Lahti motorway and the motorway between Muurla and Lohja.
For additional information, please contact:
Executive Vice President Hannu Kulju, p. +358 400 681 197