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Hyundai E&C Enters Uganda Market
Bridge Construction in Uganda
Hyundai E&C Enters Uganda Market
  • By matthew
  • January 1, 2014, 06:03
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The city of Jinja is located at the head of the Nile river, where it flows out of Lake Victoria, pictured above.
The city of Jinja is located at the head of the Nile river, where it flows out of Lake Victoria, pictured above.

 

Hyundai Engineering & Construction (Hyundai E&C) unveiled on December 3 that its consortium with a Japanese firm has won a US$128 million order to build a bridge in Uganda. 

It is the first time that Hyundai E&C has made inroads into the African country.

Hyundai E&C said that it plans to build the 525 meter long bridge across the Nile river at Jinja in southeastern Uganda, the order for which was placed by the Uganda National Roads Authority. Hyundai plans to complete the project within 48 months after breaking ground.

The Korean builder said it holds a 49 percent stake (US$63 million) in the project, while its Japanese partner Zenitaka holds the rest.