Samsung C&T Wins 1.8 Trillion KRW Taiwan Airport Terminal Construction Contract... 6 Trillion KRW Cumulative in Q1
Passenger Terminal with Annual Capacity of 45 Million
Cumulative Orders Reach 6 Trillion Won in Q1 Alone
Aerial view of Terminal 3 at Taoyuan International Airport, Taiwan (Photo by Samsung C&T)
View original image[Asia Economy Reporter Moon Jiwon] Samsung C&T Corporation's construction division announced on the 30th that it has won the contract for the construction of Terminal 3 at Taiwan Taoyuan International Airport, with a total construction cost of 1.8 trillion KRW.
Accordingly, Samsung C&T recorded a total order amount of 6 trillion KRW in the first quarter alone.
This project was commissioned by Taiwan Taoyuan International Airport Corporation and involves the expansion of the existing international airport. Opened in 1979, Taoyuan Airport is Taiwan's number one international airport, located about 50 km northwest of the capital, Taipei.
Since the opening of Terminal 2 in 2010, the Terminal 3 construction has been promoted to resolve congestion issues caused by the increase in passengers. Samsung C&T formed a consortium with Taiwan's comprehensive construction company RSEA Engineering to win this project.
The total construction cost is 1.56 billion USD (approximately 1.8 trillion KRW), of which Samsung C&T's share amounts to about 1.24 trillion KRW. The construction period is 60 months, and the project includes building a passenger terminal and boarding concourse with a total floor area of approximately 550,000㎡, capable of accommodating 45 million passengers annually.
According to Samsung C&T, this project is considered a highly challenging architectural construction due to large-scale steel roof trusses and irregular ceiling works. In particular, it requires high technical capabilities as it must consider interference issues while operating the existing Terminals 1 and 2.
Samsung C&T explained that it received high evaluations from the client through differentiated technical proposals such as large-scale ceiling construction using modular methods accumulated at high-tech sites and spatial planning utilizing BIM.
Samsung C&T has extensive experience in constructing airports both domestically and internationally. Starting with the expansion of Terminal 1 and the boarding concourse at Incheon International Airport, it completed the new international airport in Ulaanbaatar, Mongolia, in 2017. It also undertook ground improvement works at Hong Kong Chek Lap Kok International Airport, runway expansion at Singapore Changi International Airport, and expansion works at Dhaka International Airport in Bangladesh.
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Meanwhile, Samsung C&T succeeded in winning contracts this month alone for a 1.8 trillion KRW Qatar LNG export terminal, a 500 billion KRW Singapore subway construction, and now the Taiwan airport project. As a result, it recorded orders exceeding 6 trillion KRW in the first quarter.
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