Summary of decisions by Länsimetro Oy’s Board of Directors on 24 January 2019

The Board of Directors convened on 24 January 2019. The Board of Directors received a status report and risk management report on the construction work on the second phase, the Matinkylä–Kivenlahti section. The project is progressing on schedule and on budget. The status report also included the project targets for 2019.

The Board of Directors approved the procurement decision on the subcontracts. Information on the subcontracts will be provided once they are signed.

The Board of Directors received an HR report and a summary of the training provided by Metro Academy in 2018. A total of 35 internal training and coaching events were arranged. The purpose of Metro Academy is to ensure that the expertise of the second phase’s specialists will remain available to anyone working on the project throughout the construction work. Know-how will continue to be developed during the long project.  The training is systematic, on-going and will also be developed as the project progresses.

The Board of Directors approved a motion to put out to tender and draw up an agreement on a EUR 50 million financing package, consisting of a single or more loan payments.

A status report on the servicing and maintenance on the first phase, Ruoholahti–Matinkylä, was discussed at the meeting.  HKL not only operates the metro traffic but also reports to Länsimetro Oy on the use of the metro line and the stations and the related servicing and maintenance tasks as agreed.

The next Board meeting will be on 14 February 2019.

Further information:

Ville Saksi, CEO, Länsimetro Oy, tel. +358 (0)40 823 2086

Olli Isotalo, Chairman of the Board of Directors, Länsimetro Oy, tel. +358 (0)50 593 3359

Media contact person: Satu Linkola, Communications Director, tel. +358 (0)46 877 3392