POST Online Media Lite Edition



 

Hyundai E&C wins $437 million Qatar road project

Staff Writer |
Hyundai Engineering & Construction Company has been awarded a 492 billion-won ($437 million) contract to develop a key road in Qatar.

Article continues below






Hyundai E&C will expand a 2.88-km six-lane street into an eight-lane thoroughfare besides building supplementary facilities, it stated.

The Qatar Public Works Authority has sent a Notice to Commence (NTC) to the South Korean builder, allowing it to start the project, said the Yonyap report, citing a company statement.

The duo will be officially signing the street expansion project contract next month.

The work is set to start next month and is expected to be completed within three years, it added.


What to read next

Hyundai Rotem wins $316m train-supply deal from Turkey
Hyundai, Kia set 2015 auto sales target at 8.2 million
Hyundai Merchant Marine to raise $615 million via stock sale