NRC Group has announced that the Helsinki City Council in Finland granted approval for the Crown Bridges tramway project’s construction phase as well as its new cost estimate.
The project’s revised cost estimate is nearly €326m, in which NRC Group Finland’s share amounts to about €100m to 110m.
Under the contract, the tramway and other streets will be constructed to develop the city.
A new Hakaniemi bridge is planned to be built to replace a dilapidated bridge along with the construction of new Hakaniemi streets.
The preliminary project schedule estimates that track construction will start during autumn this year, with the project slated for completion in 2026.
The formal contractual signing of the contract is anticipated in October this year.
The primary objective of the Crown Bridges project, which will connect the Laajasalo, Korkeasaari and Kalasatama areas to the centre of the city, is to provide a safe and sustainable transport connection from Laajasalo area to the city centre.
NRC Group CEO Henning Olsen said: “We are very pleased to announce that the City of Helsinki has approved the construction of the Crown Bridges tramway.
“We are committed to deliver a sustainable transport connection to the city centre. With the execution of the Crown Bridge, we can continue to develop our organisation and our capabilities in this important market segment.”
The Crown Bridges tramline will be executed as an alliance project.
The client, the city of Helsinki and Helsinki City Transport HKL form one organisation along with the contractors NRC Group and YIT, and the consulting companies Ramboll Finland, Sitowise and Sweco Infra and Rail Oy.
Set to construct the infrastructure together, NRC Group and YIT will also share the risks as well as the benefits related to the project execution.
The Crown Bridges tramline is planned to be executed as an alliance project. Credit: Ramboll Group A/S.