BUSINESS

Ssangyong wins W700 billion subway project in Singapore

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  • Published : Mar 30, 2010 - 15:04
  • Updated : Mar 30, 2010 - 15:04
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Ssangyong Engineering & Construction Co. has won the rights to a subway project worth 700 billion won ($553 million) in Singapore, the company said yesterday.
The Korean builder received an order to design and construct 1-km long subway line between Little India and Bugis Street and two stations in the heart of Singapore.
The project is the biggest for a Korean builder constructing railroads and subways overseas in the last 40 years, the company said.
The Korean builder`s expertise in civil engineering and corporate responsibility helped the company win the order from Singapore`s Land Transport Authority, it said.
Construction is expected to be completed by March 2016.
The Korean builder has been building the Marina Bay Sand Hotel, part of an integrated $3.5 billion resort complex. The complex, consisting of a hotel, a convention center, a shopping mall and a casino on 570,000 square meters of land is planned by the Singaporean government, which aims to secure new tourism growth. The builder has also begun constructing the Marina Coastal Expressway in the city state.
(christory@heraldcorp.com)

By Cho Chung-un



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