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The project will be implemented in two phases. The cost estimate for the first
phase is approximately EUR 33 million, of which NRC’s share is approximately
EUR 12 million.
The total estimated cost of the Turku tramway project (phases one and two) is
EUR 465.2 million, of which NRC’s share is approximately EUR 190 million.
“We are very proud to be an alliance partner of the Turku tramway project,
reflecting great work by our Finnish operations. This is a confirmation of the
strong position we have built for years in the light rail division. We are
committed to deliver sustainable infrastructure in the city of Turku when
first phase commences”, says Anders Gustafsson, CEO of NRC Group ASA.
The first phase contract includes the construction of a public transport
corridor in Turku. During this phase, the Turku Cathedral Bridge
(Tuomiokirkkosilta) and the adjacent streets between Hämeenkatu and
Eerikinkatu will undergo comprehensive renovation, and extensive
archaeological excavations will be carried out in the area.
According to the preliminary project schedule, construction of the first
phase is planned to commence in early 2027 and is scheduled for completion by
the end of 2028. Construction of the second phase, the actual tramway, will
commence if Finnish state funding is secured in the next round of MAL
negotiation. The tramway in second phase is scheduled to be completed in 2032,
with commercial operations starting in autumn 2033 following track testing and
trial runs.
Formal signing of the contract for the Phase 1 is expected to take place in
September 2026.
For further information, please contact: Åsgeir Nord, CFO of NRC Group, (+47)
957 34 985.
This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-05-11 16:23 CEST.
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