Ssangyong E&C wins $750 million order for Singapore expressway project
Ssangyong E&C wins $750 million order for Singapore expressway project
  • Lee Jun-sung
  • 승인 2018.12.27 12:01
  • 댓글 0
이 기사를 공유합니다

Singapore North-South Corridor Route Map

Ssangyong Engineering & Construction said it has won a $750 million order for the North-South Corridor 102, 111 project from the Singapore government's Land Transport Authority (LTA) through the design & build method. 

In September, it also received a $380 million order in Malaysia and Dubai for the construction of a skyscraper and a hotel. Its accumulated amount of overseas orders this year has reached  about 1.7 trillion won ($1.5 billion).

About 450 billion won ($400 million) worth of the N111 project was attained by Ssangyong E&C alone. The N102 project was a 85: 15 joint venture between Ssangyong and Wai Fong, a local company. As a result, the total amount of the Ssangyong's construction project was about 800 billion won ($700 million).

Even though Ssangyong did not offer the lowest price, it reportedly won the PQM (Price Quality Method) bid, which is evaluated for the construction capacity, technical skills, safety management capability, and management evaluation of the construction company, because it gained high remarks in the non-price category.

This was possible because Ssangyong won the LTEA-Land Transport Excellence Awards in 2016, which Singapore Land Transport Authority presents to only one contractor, and it was selected as the 2013 LTA Safety Champion(ASAC Champion).

In addition, it was highly praised for achieving the world's first 17 million man-hours disaster-free record in 2016 at the DTL 921 project, which is considered the highest level of difficulty subway construction in Singapore.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • URL: / Editorial Div. 02-578-0434 / 010-2442-9446. Email:
  • Publisher: Monica Younsoo Chung. Chief Editorial Writer: Kim Hyoung-joong. CEO: Lee Kap-soo. Editor: Jung Yeon-jin.
  • Juvenile Protection Manager: Yeon Choul-woong. IT Times Canada: Willow St. Vancouver BC, Canada / 070-7008-0005.
  • Copyright(C) Korea IT Times, Allrights reserved.