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SK E&C begins construction of Almaty beltway

All Headlines 10:59 June 01, 2018

SEOUL, June 1 (Yonhap) -- Local builder SK E&C said Friday it held a groundbreaking ceremony for the construction of the Big Almaty Ring Road in Kazakhstan, a consortium project worth US$730 million.

The company is working with the Korea Expressway Corp. (KEC) and Turkish firms Alarko and Makyol to build the 66-kilometer beltway in Kazakhstan's largest city and former capital. The construction work includes 21 overpasses and eight intersections.

The 20-year build-operate-transfer project, agreed on in February, is comprised of 50 months of construction and 15 years and 10 months of operation and maintenance by the consortium before handing it over to the Kazakh government. SK and the Turkish companies will be in charge of engineering, procurement and construction, while the KEC will handle management.

"This is SK E&C's first entry into and project in a Commonwealth of Independent States country that is part of the 'One belt, One road' that would connect China and Europe, making it very meaningful," a company official said.

An image of the Big Almaty Ring Road, provided by SK E&C (Yonhap)


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