The project calls for creating a 57.23-million-square-meter residential city near Santa Cruz de la Sierra in eastern Bolivia.(image:The Ministry of Land, Infrastructure, and Transport)
SEOUL, Nov. 19 (Korea Bizwire) – Korea’s construction contractors are likely to see their business in building new residential cities overseas increase in the near future. The Ministry of Land, Infrastructure, and Transport said on November 18 that Korea Engineering Consultants Corporation won a project to design the blueprint for a new city building project in Bolivia.
The project calls for creating a 57.23-million-square-meter residential city near Santa Cruz de la Sierra in eastern Bolivia. This is about three times bigger than the satellite city of Bundang in the southern outskirts of Seoul. The contract volume is US$363,000 and lasts for five months until April 2015 when the company completes soil survey, city planning, earthwork planning, construction material procurement planning, site development cost estimation, and the like.
Song Seok-joon, construction ministry director in charge of construction industry policy, said, “The latest order winning was thanks to the government’s three-year plan to support contractors in winning overseas projects especially in the area of new residential city building.”
By Sean Chung (schung10@koreabizwire.com)
