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South Korea

South Korea, Seoul - kr/26

Highway

Samsung Engineering and Construction is leading a group of six other South Korean contractors that submitted proposals to the Seoul metropolitan city government at the end of June for the KRW570 billion construction of a tunnel under the Han river. The 5.8 km link would connect the southern and northern sections of Seoul. Samsung's partners comprise Hyundai Engineering and Construction, Lotte, Ssangyong, Samwhan, Namyang and Daebo. Seoul city government will finish its own feasibility study into the plan by the end of this year. If the scheme is approved, construction would begin in early 2010 with completion by the end of 2014. Under current proposals the city government would award the Samsung consortium a 30-year BOT concession to build the scheme which would run from the COEX building in Samseong-dong, southern Seoul, to near the Seongsu bridge in the north. Visit www.secc.co.kr/e_secc/index.asp 36/07.



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