The Korea Herald

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Hyundai wins Vietnamese bridge construction deal

By Korea Herald

Published : Dec. 22, 2015 - 19:56

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Hyundai Development Co. on Tuesday announced that it has won a 92.7 billion won ($78.9 million) contract to build Hung Ha Bridge in northern Vietnam.

The project is the company’s first overseas deal this year, and the third after it resumed overseas operations in 2014.

According to HDC, the project consists of constructing a 2.1 kilometer-bridge and another 4.1 kilometer-four lane road linking Hung Yen and Ha Nam. The three-year construction will kick off with a groundbreaking ceremony in February next year.

The Hung Ha Bridge Construction project is funded by the Export-Import Bank of Korea.

(baejisook@heraldcorp.com)