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Hyundai Development wins US$138 mln won deal in Ethiopia

Industry 20:10 December 04, 2018

SEOUL, Dec. 4 (Yonhap) -- Hyundai Development Co., a South Korean construction company, said Tuesday it has won a road project worth US$138 million from the Ethiopian Roads Authority.

The company said the road, which connects the Ethiopian regions of Gore and Tepi, will run 143 kilometers.

Construction will start in January 2019 and continue through June 2023.

Hyundai said the project will become a milestone for the company to penetrate deeper into the African market.

The road will also contribute in revitalizing the regional economy of Ethiopia, the company added.

Hyundai Development wins US$138 mln won deal in Ethiopia - 1

colin@yna.co.kr
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