Daewoo E&C CEO Baek Jeongwan Heads to Singapore, the 'Financial Hub'... "Expanding Order Base"
Daewoo E&C announced on the 29th that CEO Baek Jeong-wan (President) recently visited the Land Transport Authority (LTA) of Singapore, where demand for transportation infrastructure is high, and held a meeting with Commissioner Ng Lang. Earlier, on the 26th, CEO Baek visited the construction sites in Singapore to encourage employees and assess the local construction market conditions.
During the meeting with the LTA Commissioner, President Baek stated that Daewoo E&C is doing its best to successfully complete the Cross Island Line CR108 and Jurong Region Line J109 projects currently under construction, and requested cooperation and support from the client, LTA. Daewoo E&C completed the Thomson-East Coast Line T216 project in Singapore last November and is continuously securing contracts for subway transfer stations and urban railway infrastructure projects commissioned by LTA, including Jurong Region Line J109 and Cross Island Line CR108.
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The Singapore government announced the “LTMP (Land Transport Master Plan) 2040” in 2019, promoting three mid- to long-term transportation policies: △ city within 45 minutes and town within 20 minutes △ transport for all △ healthy living and safe travel. This makes Singapore a country expected to see continuous investment in transportation infrastructure in the future.
Daewoo E&C President Baek Jeong-wan is inspecting the J109 site in the Jurong area of western Singapore on the 27th.
View original imageA Daewoo E&C official explained the background of this visit, saying, “Singapore is rapidly growing as an Asian financial hub and has a high potential to become a major base market following Vietnam. We will strive to expand the order base and establish investment and development hubs not only in Singapore, which is growing as a global advanced market in the construction sector, but also in ASEAN countries.”
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