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POSCO E&C wins 50 bln won motorway order in Africa

All News 10:55 December 11, 2017

SEOUL, Dec. 11 (Yonhap) -- POSCO Engineering & Construction Co. has won a 50 billion won (US$46 million) order to build a motorway in Mozambique, the company said Monday.

POSCO E&C signed the deal with the Mozambique government last month to transform the current 70-kilometer-long nonpaved road into a two-lane asphalt motorway for the next 30 months, the company said in a statement.

It is the first construction project won by POSCO E&C in Africa since the company's foundation 23 years ago, it said.

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