Jaakko Pöyry Group awarded EUR 8 million underground station and tunnel engineering contract in Switzerland

Electrowatt Infra AG, which is part of the Jaakko Pöyry Group's Infrastructure & Environment business group, has been awarded a tunnel engineering contract by the Swiss Federal Railways and the Canton Zurich. The assignment will be carried out in a joint venture with Basler & Hofmann Ltd. The engineering services will be delivered between September 2005 and July 2013. The value of Electrowatt Infra's contract is EUR 8 million.

This contract is a continuation to the assignment commenced in 2003, and comprises the design of a new underground station beneath Zurich's main station and a 5 km railway tunnel. The station and tunnel are part of the new centre line which will increase the transport capacity of the railway network in the business area of the city. Electrowatt Infra's services include the preparation of tender documents, technical and financial bid evaluation, detail design, supervision, settlement monitoring, quality control and project management.

Electrowatt Infra has a long track record in consulting, engineering and project management for tunnelling in Europe and Asia. The company is one of the leading tunnelling consultants in Switzerland and is exporting this know-how worldwide.

The Jaakko Pöyry Group's Infrastructure & Environment business group uses the brand name Jaakko Pöyry Infra. Its net sales for 2004 were EUR 142 million. The business group has offices in 25 countries and employs 2000 experts worldwide.

JAAKKO PÖYRY GROUP OYJ

Erkki Pehu-Lehtonen
President and CEO

Teuvo Salminen
Deputy to President and CEO