Hyundai E&C is garnering recognition for its technical prowess by obtaining series of orders in the water environment field, what is called “blue gold.”
Thailand’s Water and Flood Management Committee (WFMC) announced on June 10 that a consortium led by Korea Water Resources orporation (K-Water) including Hyundai E&C was selected as a preferred bidder for WFMC’s water management project. In the large-scale, national project, the Thai government, which suffered from severe flood damage in 2011, will spend 11.5 trillion won in building water management systems in 25 major rivers including eight sub-basins of the Chao Phraya River flowing through Bangkok and other 17 river basins.
The projects encompass a total of nine categories such as the development of a comprehensive water management system, the construction of dams and flood control channels, the construction of reservoirs designed for flood protection and forest restoration and reservation. Among these, the K-Water-led consortium has won the right to negotiate for the construction of flood control channels and water retentions, and the 6.2-trillion-won construction accounts for 56 percent of the total project cost, the biggest water management project Korea ever received abroad and the fifth largest project among its overseas construction orders after the construction of the UAE nuclear power plant and Iraq’s new city.