Hyundai E&C sees its business in overseas markets go along smoothly. It has got the green light for the achievement of this year’s target for overseas orders.
On September 17, Korea’s primary builder won a project valued at 252 million dollars, or approximately 281 billion won, to build an underground cable tunnel for Singapore Power Ltd.
The project awarded by the Singapore-based private power company is worth as much as about 1.635 billion dollar, or about 1.83 trillion won, and includes six sections connecting 35 kilometers.
The Southeast Asian city-state is planning to construct a next-generation power network through completing the construction of the underground tunnel below the downtown where power transmission facilities will be built.
Hyundai E&C will be responsible for the 7.27-km NS3 interval connecting Ang Mo Kio and May Road. The construction will commence at the end of this year and be completed in 2018.
Starting with the Pulau Tekong reclamation work in 1981, Hyundai E&C has been conducting major building and civil works projects in Singapore for the past three decades. The outfit has successfully completed monumental projects including Changi Airport, Suntec City, Marina Center and Singapore oil and gas supply base. It is known that Hyundai E&C took the deal in recognition of its excellent construction capabilities and technical prowess.