Länsimetro Oy owns the metro infrastructure west of Ruoholahti
Länsimetro Oy is the asset owner of the West Metro system, tracks and stations from Ruoholahti in Helsinki to Kivenlahti in Espoo. The company covers its ownership-related maintenance and debt-servicing costs using charges collected from its owners, i.e. the cities of Espoo and Helsinki. The metro line owned by Länsimetro Oy was handed over to the operator, Metropolitan Area Transport Ltd, in two phases: the Ruoholahti-Matinkylä section in 2017 and the Matinkylä-Kivenlahti section in 2022. Metropolitan Area Transport Ltd receives compensation for operating metro services from HSL.
Länsimetro Oy’s permanent business activities are financed with charges collected from its owners, and construction activities are financed with financing secured by its owners. In 2025, EUR 2,7 million in administrative charges and EUR 26,9 million in maintenance charges were collected. Administrative charges collected from the owners are used to cover the company’s permanent operations. The financial stability of the company’s operations depends on the reliable planning of operations financed with charges and on forward-looking financing of construction operations.
The West Metro project was implemented in two phases. The first phase, the Ruoholahti-Matinkylä section, was completed in 2017, and the second phase, the Matinkylä-Kivenlahti section, in 2022. An underground metro depot was also built in Sammalvuori to serve the needs of the metro operator. Construction work included in the Phase II project plan is still continuing, including park-and-ride facilities currently under development in Kivenlahti and Kaitaa.
Matinkylä–Kivenlahti construction project cost estimate
Ruoholahti–Matinkylä construction project cost estimate
BUDGET
| EUR 1,000 | 2024
actual |
2025
actual |
2026
budget |
2027
forecast |
2028
forecast |
2029
forecast |
2030
forecast |
2031
forecast |
| Maintenance charges | 28 109 | 26 857 | 28 373 | 32 266 | 35 596 | 34 206 | 35 413 | 37 077 |
| Administrative charges | 3 100 | 2 711 | 2 131 | 2 744 | 2 799 | 2 855 | 2 912 | 2 970 |
| Financing charges | 96 189 | 99 419 | 95 723 | 112 903 | 108 027 | 106 038 | 102 399 | 99 933 |
| Charges in total | 127 399 | 128 988 | 126 227 | 147 914 | 146 422 | 143 099 | 140 724 | 139 981 |
| Operating income | 6 307 | 5 913 | 5 972 | 6 057 | 6 113 | 6 114 | 6 111 | 6 111 |
| Maintenance expenses | -31 723 | -31 041 | -34 066 | -34 912 | -38 374 | -37 060 | -38 337 | -40 072 |
| Administrative expenses | -3 236 | -2 317 | -2 644 | -2 744 | -2 799 | -2 855 | -2 912 | -2 970 |
| Deprectiation and amortization | -60 226 | -57 585 | -60 981 | -61 389 | -59 118 | -59 699 | -60 386 | -60 662 |
| Financing expenses | -35 622 | -28 499 | -28 177 | -28 036 | -27 622 | -26 752 | -25 856 | -24 876 |
| Funds | 0 | 0 | -6 331 | -26 894 | -24 561 | -22 888 | -19 582 | -17 250 |
| Deferred taxes | 0 | -2 390 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit/loss of the period | 2 900 | 13 069 | 0 | -4 | -10 | -41 | -237 | 261 |