Hyundai E&C held a briefing meeting in Bogota Plaza Summit Hotel, Colombia, on May 6 and set out to embark on establishing a comprehensive plan for sewage infrastructure improvement with the Ministry of Environment and Korea Environmental Industry & Technology Institute (KEITI). The meeting was attended by officials including Colombian Ministry of Housing, City and Territory vice minister of Water Division Ivan F. Mustafa Duran, KEITI Environment & Industry Division head Park Jaeseong and Hyundai E&C Civil & Environment Division director Lee Youngtae. Korean participants had a meeting with head of Colombian regional environment agency and governor, and discussed ways of helping Korea’s primary builder enter into the water environment market.
The project, to be conducted by a consortium of Hyundai E&C, Hyundai Engineering and Dong Myeong Engineering Consultants & Architecture, will develop more than 10 water infrastructure in the area linking the upper Bogota River that meets the drinking water demand of half of Colombian population, Bogota, Medellin and Cali, third largest city in the country. Korean government will invest about 730 million won in the project. Colombia is emerging as a blue chip in South America regions by announcing a plan to invest 5.2 billion dollars in sewage contamination cleanup until 2014 and pushing ahead with the construction of Salitre sewage treatment plant worth 350 million dollars. The successful implementation of this project would open the door for Korean companies to tap into Central and South American markets.