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Daewoo E&C wins US$193 mln dam order in Philippines

All News 11:04 January 09, 2018

SEOUL, Jan. 9 (Yonhap) -- Daewoo Engineering & Construction Co. said Tuesday it has received a US$193 million order to build a multipurpose dam in the Philippines.

The South Korean builder secured the order from the National Irrigation Administration (NIA) last week and plans to build three multipurpose dams and related facilities at the Jalaur River in the Iloilo Province in the next 46 months, the company said in a statement.

To help push forward the project, the Export-Import Bank of Korea has signed a deal with the Philippine government to extend a $200 million loan to the NIA, it said.

Daewoo E&C wins US$193 mln dam order in Philippines - 1

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