The Korea Herald


Hyundai E&C wins 800b won worth of orders in Singapore, Vietnam

By Yonhap

Published : Dec. 25, 2019 - 15:52

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Hyundai Engineering & Construction Co. said Wednesday it has clinched some 800 billion won ($687 million) worth of deals to build a road and a hotel in Singapore and Vietnam, respectively.

The deal with Singapore's Land Transport Authority, worth $435 million, calls for Hyundai E&C to build a 4.5-kilometer elevated highway in Sembawang in the northern part of Singapore.

(Hyundai E&C) (Hyundai E&C)

Hyundai E&C expects the construction of the road to take 84 months.

Separately, Hyundai E&C said it has won a construction deal worth $250 million to build a high-rise hotel as part of the seafront Vega City development in Nha Trang, Vietnam.

Under the deal, signed on Dec. 12, the builder will construct the 30-story five-star hotel on a 33 million-square-meter site.

Hyundai E&C said it will complete the construction of the facility by 2022. (Yonhap)