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SK E&C wins US$256 million order from Hong Kong

All News 15:33 January 11, 2018

SEOUL, Jan. 11 (Yonhap) -- South Korean construction firm SK Engineering & Construction Co. said Thursday that its consortium has won a US$640 million order to build an underground tunnel in Hong Kong.

Under the deal with Hong Kong's Highways Department, the consortium will build a 390-meter-long tunnel section between Yau Cheung Road and Shanghai Street in Hong Kong, according to SK E&C.

SK E&C said it owns 40 percent of the consortium, giving it $256 million in the latest order. Build King Construction Ltd., a Hong Kong construction company, holds the remainder.

A SK E&C official said the construction work will likely commence next Wednesday and could take about 84 months to complete.

This is the first project the South Korean builder has won in Hong Kong.

SK E&C said this year it is aiming to receive orders worth more than the 9 trillion won ($8.3 billion) it made in 2017.

The area in the red circle is a section of tunnel between Yau Cheung Road and Shanghai Street in Hong Kong. (Yonhap)

entropy@yna.co.kr
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