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Daelim Industrial wins 245 bln won Singapore subway construction order

   Daelim Industrial Co., one of South Korea's leading  builders, said Monday it won a 245 billion won (US$239.2 million) contract to build part of a subway line in Singapore.

   The company said the contract reached with the city-state's Land Transport Authority is to build 1.42 kilometers of the Thomson Line, which includes one station and some 1.2 kilometers of tunnel.

   Construction is expected to take 79 months, with work to be completed in December 2020.

   The overall length of the new subway line, which stretches north to south, is about 30 km, with Daelim to be in charge of the 222 sector in the Outram region.

   "The winning of the latest order will help the builder diversify the type of overseas building projects it has secured so far and allow it to make inroads into other fields," the company said in a press release. (Yonhap News)

Korea Herald daum