YIT has inked a contract with Turku Technology Properties for the construction of a parking hall near the Kupittaa railway station, which lies a few kilometres from Turku, Finland.
The contract carries a value of nearly €24m.
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This contract value will be recorded in the order book for the Q2 2021.
The almost 30,000m2 parking hall will have space for around 1,000 cars and 90 bicycles.
Kupittaa is considered to be one of the fastest developing areas in Turku. It has several business and office space as well as housing and health care services.
With plans for many new office and residential projects in the area, the demand for parking spaces is expected to increase.
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By GlobalDataThe place where the parking hall is located is considered to be an important urban development area and is likely to see increased demand in the future.
Parking spaces will be available for both short-term and long-term rental, with some of them equipped for the charging of electric vehicles.
The parking hall will also serve as a park-and-ride facility as it will provide direct access to the Kupittaa railway station’s platforms through a covered passageway.
The planned One Hour Train will boost traffic at the Kupittaa station.
Construction of the parking hall will commence this summer and is expected to be completed in spring 2023.
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Image: The contract carries a value of the project of nearly €24m.
