YIT to deliver EUR 27.6 million field extension at the southern tip of West Harbour in Helsinki

YIT Corporation Investor News July 03, 2025, at 09:00 a.m.

YIT has been selected by Port of Helsinki Ltd to carry out the field extension at the southern tip of the West Harbour, a key initiative within the City of Helsinki’s long-term port renewal programme. The project supports the strategic goal of consolidating all Tallinn-bound traffic at the West Harbour in Jätkäsaari.

The contract, valued at approximately EUR 27.6 million, will be included in YIT’s second-quarter order backlog.

The southern tip field extension plays a central role in the comprehensive redevelopment of the West Harbour, which includes a new terminal and harbour tunnel that will reorganize quay and field areas. While the berths for Tallink and Eckerö Line vessels will remain unchanged, the project will introduce a new quay field through sea-fill construction to the south.

The scope of the contract includes dismantling existing structures, dredging, land reclamation, fabrication and installation of quay elements, and the implementation of technical systems and surface infrastructure.

“We are pleased to have been chosen for this important project,” said Aleksi Laine, SVP of YIT’s Infra segment. “This expansion is a vital part of the Port of Helsinki’s development programme and will help future-proof its operations. We look forward to working closely with the Port of Helsinki and are committed to delivering the project safely and with high quality, while ensuring uninterrupted port operations.”

“The southern tip expansion marks the first phase of the West Harbour transformation,” added Kaj Takolander, Head of Passenger Business at Port of Helsinki Ltd. “It will streamline ship traffic, increase capacity for growing passenger and freight volumes, and prepare the port for electrified vessel operations—enhancing reliability and competitiveness for years to come.”

Construction is scheduled to begin in summer 2025 and continue through autumn 2027. Port operations will remain uninterrupted throughout the project, which will be executed in close collaboration with other port stakeholders, with special attention to safety, environmental impact, and traffic continuity.

For further information:

YIT Corporate communications, tel. +358 44 743 7536, press@yit.fi

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

Läs mer på Cision