Summary of the meeting of the Board of Directors on 18 May 2022

The Board of Directors discussed Länsimetro Oy’s latest news. The co-operation agreement between Länsimetro Oy, Metropolitan Area Transport Ltd and Helsinki City Transport (HKL) has been signed, and Metropolitan Area Transport has begun producing servicing and maintenance services for the West Metro’s extension from Matinkylä to Kivenlahti.

The CFO presented to the Board the possibility of having the metro depot in Sammalvuori incorporated into a subsidiary. Preparations and preliminary studies on the matter continue.

The Project Manager presented a status report for the Matinkylä–Kivenlahti section of the construction project. Construction is progressing in line with the planned schedule and budget. All construction contracts have been completed, and acceptance inspections have been carried out.  Preparations for the final financial reports concerning the contracts are under way in the project. The backfill work for the service pit located in Matinkylä has started.

Länsimetro Oy’s CFO presented the cost monitoring for the construction project. Construction is proceeding in line with the budget.

The next meeting of the Board of Directors will be held on 23 June 2022.

Further information:

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

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

Media contact person: Communications Manager Marianne Partanen +358 (0)43 825 9607