Uppsala Municipality makes a new decision to select NYAB and Azvi as the general contractor for the Uppsala Tramway project
20.12.24Uppsala Municipality has made a new decision to select NYAB, together with its partner Azvi, as the general contractor for the construction of Uppsala Tramway. The decision also includes an award for an order for Phase 1 of the project that includes design work, procurement of subcontractors, establishment of a production schedule, as well as calculation of project costs.
NYAB previously announced on 29 October 2024 that it was selected as the general contractor for the project together with Azvi. On 25 November 2024, Uppsala Municipality informed the participants in the procurement process that the award was withdrawn, as further assessments were determined to be necessary before awarding the contract.
NYAB and Azvi, a company specializing in track, electrical, signalling and telecom works in railway projects, will operate through an integrated joint venture, where both parties have a 50% participation and shall be jointly and severally liable for the client.
NYAB estimates the order for Phase 1 to have a value of SEK 150-200 million (approximately EUR 13-17 million) for the joint venture. Phase 1 is expected to be completed within eleven months of the contract signing.
In accordance with the Swedish Public Procurement Act, the order is subject to a 10-day appeal period, after which a contract can be signed.
Participation in Phase 1 of the project makes NYAB well positioned to receive an order for Phase 2 that includes the construction work and that NYAB estimates to have a total value of SEK 5 billion (approximately EUR 440 million) for the joint venture. The contract sum will be specified during Phase 1. Phase 2 of the project is ordered separately by Uppsala Municipality and is planned to be started in 2025 and completed in 2029.
Contact
Johan Larsson, CEO, NYAB AB, johan.larsson@nyabgroup.com, +46 (0)70 182 50 70
NYAB’s Certified Adviser is Augment Partners AB, info@augment.se, +46 (0)8 604 22 55.
This information is information that NYAB AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out herein, at 15:20 CET on 20 December 2024.
About NYAB
NYAB enables the progress of society for future generations with extensive experience from complex and challenging projects. NYAB provides services of engineering, construction and maintenance within sustainable infrastructure, industrial construction and renewable energy and therefore contribute to the green transition. NYAB operates in Sweden and Finland within both private and public sector.
