Summary of the meeting of the Board of Directors on 27 April 2022

The Board of Directors discussed and approved Länsimetro’s financial statements for 2021 based on the auditor’s presentation and decided to convene the General Meeting.

The Board discussed the upcoming co-operation agreement between Länsimetro Oy, Metropolitan Area Transport Ltd and Helsinki City Transport (HKL), based on which Metropolitan Area Transport will produce servicing and maintenance services for the West Metro’s extension from Matinkylä to Kivenlahti. The Board authorised the CEO, together with the Chairman of the Board, to sign the agreement.

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. Metro traffic is expected to start up on the new section in 2023, once HKL’s and HSL’s preparatory work has been completed. Metropolitan Area Transport Ltd has launched a new test run period on the Matinkylä–Kivenlahti section. The contractor-led commissioning phase is almost complete and the project is preparing for the acceptance inspections and final financial reports. Next, Metropolitan Area Transport Ltd will start up its tasks on the Matinkylä–Kivenlahti section, in line with the co-operation agreement. In addition, the backfill work for the service pit located in Matinkylä will begin.

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 18 May 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