SRV GROUP PLC INVESTOR NEWS 16 AUGUST 2021 at 02:45 pm
SRV starts renovation work at Terminal 2 of Helsinki Airport as an alliance project
SRV and Finavia Corporation have signed an implementation-phase agreement to start the renovation project at Terminal 2 of Helsinki Airport. The renovation work will start immediately and is scheduled to be completed in 2023. The total value of the alliance agreement for the renovation project is about EUR 27 million, of which SRV’s share is around EUR 26 million. The project will be recognised in SRV’s order backlog in August. The renovation project will start immediately and it is expected to be completed in 2023.
The renovation work, covering approximately 35,000 square metres, is part of the extension of Terminal 2 at the Helsinki-Vantaa Airport. The renovation will completely revamp the existing departure hall and arrivals hall as well as integrate them into the gate area and centralised baggage claim hall. The extension under construction will house the impressive main entrance to be opened in 2022, as well as new entrance and departure halls. The project is implemented by an alliance that includes SRV and Finavia, with the design team consisting of Arkkitehtitoimisto ALA Oy, Arkkitehtitoimisto HKP Oy and Ramboll Finland Oy.
“The whole extension and alteration project at Terminal 2 of Helsinki Airport is an extremely interesting construction project for us, as it is a major hub for international air traffic. It has been wonderful to be involved in implementing this cooperative project under an alliance model. The first project milestone was reached in autumn 2020, when a nine-storey parking garage for 1,800 cars was completed,” says Ossi Inkilä, Unit Director at SRV.
The extension and alteration of Helsinki Airport seeks to create a new kind of service area for passengers in front of Terminal 2. The extension will be used for check-in, security control, baggage drop and greeting passengers. The extension will also include a travel centre combining different forms of transport. The new building and renovated area total 75,000 square metres, of which the extension that will be completed in the autumn accounts for around 40,000 square metres.
“The Terminal 2 extension and alteration project is a major part of Finavia’s investment programme of over one billion euros. It seeks to bolster Helsinki Airport’s competitiveness as a major European hub for connections and to prepare for serving 30 million passengers in the future. Helsinki Airport’s strengths are smooth and easy travel, friendly staff and innovative services. We want to hold on to these strengths as passenger volumes grow. The construction project strongly supports our customer experience targets,” says Martti Nurminen, Project Director at Finavia.
For further information, please contact:
Ossi Inkilä, Unit Director, SRV, tel. +358 (0)40 708 2253, firstname.lastname@example.org
Heli Pulkkinen, Communications Specialist, SRV, tel. +358 (0)50 411 0787, email@example.com
Finavia Corporation, Media Desk, tel. +358 (0)20 708 2002, firstname.lastname@example.org (WEEKDAYS 8:00–16:00)
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SRV is a developer and innovator in the construction industry. Our objective is a new lifecycle-wise reality where solutions related to construction ensure well-being, financial value and the benefit of users, residents and environment – for years and generations to come. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Sustainability is reflected in all our activities.
Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland and Russia. In 2020, our revenue totalled EUR 975.5 million. In addition to about 1,000 SRV employees, we employ a network of around 4,200 subcontractors.
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