Daewoo E&C Wins Singapore Subway Construction Project Worth 800 Billion KRW

70% Stake of Daewoo E&C in Total Construction Cost (Approx. 560 Billion KRW)

Singapore Cross Island Line Pasir Ris Station Rendering

Daewoo E&C announced on the 26th that it has signed a construction contract for the 'Cross Island Line (CR108 Section)' subway project commissioned by the Land Transport Authority (LTA) of Singapore, forming a joint venture (JV) with Dong-A Geotechnical Engineering.

This project involves the design and construction of the transfer station 'Pasir Ris Station' and tunnels within the Cross Island Line. The total construction cost is approximately 800 billion KRW (980 million SGD, Singapore Dollars), with a share ratio of 70% for Daewoo E&C and 30% for Dong-A Geotechnical Engineering.

Daewoo E&C submitted a competitive bid based on its extensive experience in multiple subway projects in Singapore, such as the Thomson Line T216, which is similar in nature to this project. The strategy of forming a JV with Dong-A Geotechnical Engineering, which has abundant local experience and competitiveness in diaphragm wall and TBM (Tunnel Boring Machine) tunnel construction in Singapore, appears to have been effective.

A Daewoo E&C official stated, "We aim to develop Singapore as a strategic hub country in the long term," adding, "Following the previously secured Thomson Line T216 and Jurong Region Line J109 projects, this contract is significant as it lays the foundation for expanding the market through subsequent project wins."

Meanwhile, the LTA announced the 'LTMP (Land Transport Master Plan) 2040' in 2019, promoting transportation policies such as ▲ cities within 45 minutes, towns within 20 minutes ▲ transport for all ▲ healthy living and safe travel.

It plans to expand the nationwide urban rail network to approximately 360 km by 2030 and is expected to gradually issue tenders for projects including the Cross Island Line, North-East Line extension, and Jurong Region MRT.

This content was produced with the assistance of AI translation services.