In accordance with a financing agreement by the state and the municipalities, the state will pay €198 million, while the City of Lahti and the municipality of Hollola will pay €77 million. The ring road will be constructed in 2017–2021.
The southern ring road will open a route for growth and new businesses, as the potential of the growing city is harnessed for the metropolitan area. The southern ring road (Finnish national road 12) will improve the business sector's position, as the project will create a basis for industrial growth and ensure national traffic fluency. At the same time, the ring road project is necessary for the entire traffic system of Finland as it substantially improves cross-connections and connections to St. Petersburg that are vital to Finnish industry.
"Moving the highway line away from the city centre is the only solution for future land use: move the industry to the side of the ring road and free up the city centre for services. The long-awaited realisation of the ring road project will facilitate the development of Lahti in an entirely new way, with thousands of apartments and jobs as part of the metropolitan job market," celebrate Lahti City Council President and Member of Parliament Mika Kari, City Board President Juha Rostedt and Mayor Jyrki Myllyvirta.
Mika Kari is thankful for the extensive co-operation for fostering the project. He emphasises the area's commitment to building the new ring road and says he is proud of the creative and persistent work by the business sector, the Regional Council and the City for building the ring road.
"The road project will unambiguously bring growth and well-being to Lahti: jobs, apartments and better opportunities for entrepreneurs. Lahti's competitiveness will improve significantly and the operating conditions of the basic industry will be strengthened under the influence of Finnish national road 12. We are very happy and thankful for this decision," says City Board President Juha Rostedt.
"Building the ring road to the south side of Lahti is a significant investment in the development of Lahti. We are ready to begin the project and will utilise the ring road to the fullest for the environment, the business sector and the job market," promises Mayor Jyrki Myllyvirta.