Australia road contract awarded to South Korean firm
The 13km M4-M5 Link in Sydney, Australia is to be constructed by the South Korean contractor, Samsung C&T. The project is worth US$788.5 million. The new link will be constructed as an underpass and is due for completion in mid-2023.
August 22, 2018
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The 13km M4-M5 Link in Sydney, Australia is to be constructed by the South Korean contractor, 1026 Samsung C&T. The project is worth US$788.5 million. The new link will be constructed as an underpass and is due for completion in mid-2023.
A consortium will handle the contract to build a new beltway project for Kazakhstan’s capital, Almaty. The US$730 million project will be carried out by the consortium, which comprises the South Korean firms SK Engineering & Construction (SK E&C) and Korea Expressway and the Turkish contractors Makyol Group and Alarko Holding. The contract has been awarded under the build-operate-transfer model as a 20-year deal.
Uncomfortable questions are being asked about Australia’s WestConnex toll road project. An inquiry carried out by the New South Wales Parliament says that the transparency of the US$11.85 billion (A$16.8 billion) project has not been satisfactory. Questions have been asked about the operation of the Sydney Motorway Corporation, with regard to its accountability and disclosure methods. Questions have also been asked about the cost of the new highway stretch linking with Sydney’s international airport.
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