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Daelim Industrial-led consortium wins US$616 mln deal in Philippines

All News 17:02 October 08, 2020

SEOUL, Oct. 8 (Yonhap) -- Daelim Industrial Co., a major South Korean builder, said Thursday its consortium has clinched a US$616 million railway project in the Philippines.

Under the deal with the Department of Transportation, the Daelim Industrial-led consortium will build a 15.8-kilometer-long viaduct and a station.

Daelim Industrial said it will take 48 months to complete the project.

Daelim Industrial has a 50 percent stake in the project, while the rest is held by the Spanish engineering company Acciona.

The deal is part of a 51.2-km-long railway project that will connect Malolos to Clark economic zone in the Philippines.

This file photo shows Daelim Industrial's corporate logo atop its main office in central Seoul. (Yonhap)

entropy@yna.co.kr
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