Thursday, December 12, 2019
Daewoo E&C Resumes Bridge Construction in Zambia after Receiving Uncollected Money
A Bridge That Connects Botswana and Zambia
Daewoo E&C Resumes Bridge Construction in Zambia after Receiving Uncollected Money
  • By Michael Herh
  • April 8, 2019, 12:03
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Daewoo Engineering and Construction (E&C) Co. has resumed the construction of a bridge in Zambia after the Zambian government promised to pay the unpaid construciton fees.

Daewoo Engineering and Construction (E&C) Co. said on April 7 that it resumed the construction of a bridge in Zambia which was suspended as the Zambian government did not pay for the project.

Daewoo E&C said that on April 1, it resumed the temporarily suspended construction of the Botswana-Zambia Kazungula Bridge as US$16.72 million construction fees, which remained unpaid until the end of March, were fully paid.

Daewoo E&C temporarily suspended the field work in order to prevent losses from the Kazungula Bridge project, considering that Korean builders were unable to actively cope with unpaid work in the overseas business sites.

On March 28, the minister of transport and communication of Botswana and the minister of housing and construction of Zambia promised to pay unpaid money to the construction work manager of Daewoo E&C at the Kazungula Bridge construction site.