Nov 27 (Reuters) - GRK Infra Oyj GRK.HE:
SIGNED AGREEMENT ON IMPLEMENTATION OF FIRST PHASE OF THE EASTERN SECTION OF THE VANTAA TRAMWAY – EUR 45 MILLION ADDED TO ORDER BACKLOG 2025-11-27 10:00:03
CONSORTIUM FORMED BY GRK AND KREATE SIGNS AGREEMENT WITH CITY OF VANTAA
REVISED TOTAL COST ESTIMATE OF THE VANTAA TRAMWAY IS ABOUT EUR 750 MILLION
CONSTRUCTION VOLUME OF EASTERN SECTION ALLIANCE ESTIMATED AT EUR 280 MILLION, WHICH IS DIVIDED EQUALLY BETWEEN PARTIES TO THE CONSORTIUM
KREATE AND GRK HAVE 50/50 SHARES IN CONSTRUCTION OF EASTERN SECTION, WHICH MEANS THAT VALUE OF CONTRACT FOR EACH IS ABOUT EUR 140 MILLION
Source text: https://mfn.se/nir/a/grk-infra/grk-has-signed-an-agreement-on-the-implementation-of-the-first-phase-of-the-eastern-section-of-the-vantaa-tramway-eur-45-million-added-to-order-backlog-f5e3f499
Further company coverage: GRK.HE
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