Build Down Under
Samsung C&T Corp. (CEO Choi Chi-hun) announced on June 4 that it won a deal to build a 1B construction of a section of the step 1 of the “WestConnex” project initiated by the state government in New South Wales.
The WestConnex project is a large-scale construction project to build a road that will link downtown Sydney to the southwestern part of the country. Samsung C&T won the order after forming a consortium with two Australian builders — Leighton and John Holland. The project is worth about AU$2.7 billion (US$2.09 billion or 2.32 trillion won) in total with Samsung C&T to carry out a third of the contract, which is estimated at AU$900 million (US$697.41 million or 760 billion won).
The project is to construct a 5.5 km section of a road with six lanes including an underground section. It will start construction at the beginning of next year and be completed in 2019.
Meanwhile, Samsung C&T is currently carrying out the Roy Hill project to construct a 347 km railway, port, and iron ore processing facilities in the western part of Australia, aiming to complete it by the end of this year. As the company is raising its awareness and status in the Australian market with the project, it is building a close partnership with local firms based on this.