Construction of the southern part of the Laakso Joint Hospital's main building has commenced, following the signing of a contract by SRV, Kiinteistöosakeyhtiö Laakson yhteissairaala, the Laakson LATU consortium, the Unitas consortium, and Granlund.
The order, which is valued at approximately €183m ($202m), with SRV's share being around €174m, marks a substantial increase in the company's collaborative project order backlog.
Scheduled for entry into SRV's order backlog this month, the contract bolsters the company's portfolio of collaborative projects.
The Laakso Joint Hospital project is being delivered with an estimated total value of €800m.
It is being incrementally added to SRV's order backlog from 2022 to 2030.
Following this latest agreement, SRV's order backlog for the project has reached €670m. Notably, the project will not require any equity investment from the company.
It is part of a series of collaborative business construction contracts that have transitioned to SRV's order backlog this year after their respective development phases.
SRV is also engaged in several other public contracts, including the National Museum of Finland's annexe in Helsinki and the Sammontalo community centre in Lappeenranta.
The main building of the Laakso Joint Hospital is projected to span approximately 95,000m², with the newly contracted southern part occupying 40,000m².
In joint projects such as this, the involvement of end-user representatives is crucial.
Personnel from HUS and the City of Helsinki’s Social Services, Health Care, and Rescue Services Division are integral to the project, working in tandem with designers, builders, and the client to ensure the project's success.
SRV business premises senior vice-president Jouni Forsman said: “SRV is strong in collaborative construction and focuses on maintaining the high controllability level in all of its projects, which is reflected in the company’s occupational safety, customer satisfaction and achievement of budgeted margins. In a long-term project like this one, maintaining the controllability level is particularly important.
“Together with the end-users and alliance partners, we are working on a socially significant project. The development, planning and start-up of the main building with a total value of €449m have progressed according to plan.”
SRV managing director Marko Virtanen said: “During the development phase of the subproject for the southern part of the main building, the best solutions were found to meet qualitative and financial objectives.”
