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.
Two major awards have been given to the Gateway Upgrade Project in Queensland, Australia. One of these was for engineering excellence while the other was the overall RW Hawken Award. These were given as part of the Engineering Australia Awards (Queensland Division) scheme. Following this, the Gateway Project will now be a contender for the national Australian Engineering Excellence Awards being held in November 2012. The Gateway Upgrade is of note as it is one of the largest road and bridge projects ever ca
Angola has awarded the contract for a major road project intended to improve transport for its capital, Luanda. Portuguese constractor Mota Engil will handle the project for the Via Expressa/Camama/Avenida Pedro de Castro Van-Dúnem Loy road. The deal is worth some US$178 million and as well as building the road itself, the work will require the construction of extensive drainage systems as well as redesigning and rebuilding an existing roundabout. Financing for the work is being provided through the Portugu
Chile’s landmark Chacao Bridge project now looks to be back on a sound footing, with completion expected in late 2022 or early 2023.
This projects for the 2.6km-long bridge was to have been built jointly by Brazilian firm OAS and South Korean company Hyundai. However OAS hit financial difficulties and had to withdraw from the project. As a result, Hyundai will now buy the 49% stake OAS had in the project. As Hyundai already has a 51% stake in the bridge project, this will give the firm total ownership ove
The state government of New South Wales, Australia will ask the private sector to contribute to the funding of the 33km WestConnex road project. While initial sections of the road will be financed by the state government, its following phase will be financed by the private sector. For the project, a total of US$1.66 billion (AUD 1.8bn) will be allocated by the state government over a four-year period. Of the total, $102.22 million (AUD 111mn) will be spent in 2013-2014. The development was mentioned by Trea
