Daewoo E&C, Tata to Jointly Build US$863 Mln Bridge in India | Be Korea-savvy

Daewoo E&C, Tata to Jointly Build US$863 Mln Bridge in India


Daewoo E&C and TPL won the order from the Mumbai Metropolitan Region Development Authority (MMRDA). (Image: Yonhap)

Daewoo E&C and TPL won the order from the Mumbai Metropolitan Region Development Authority (MMRDA). (Image: Yonhap)

SEOUL, Nov. 20 (Korea Bizwire)Daewoo Engineering & Construction Co., a major construction firm here, said Monday it will partner with Tata Projects Ltd. to build a 953 billion-won (US$863 million) bridge in India.

Daewoo E&C and TPL won the order from the Mumbai Metropolitan Region Development Authority (MMRDA). MMRDA plans to build the 22-kilometer-long Mumbai Trans Harbour Sea-Link as part of the $2.2 billion project, Daewoo E&C said in a statement.

The two builders won the “Package 2″ of the mega project and will complete their part of the total project in the next 54 months. Daewoo E&C holds a 60 percent stake in the 7.8-kilometer Package 2 project, with the remaining 40 percent held by TPL, it said.

 

(Yonhap)

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