Hanshin Gongyeong Wins 67.7 Billion KRW Contract for Gyeyang Technovalley Public Land Development Project

Hanshin Engineering & Construction announced on the 13th that it has won the contract for the construction of the ‘Incheon Gyeyang Technovalley Public Housing District Development Project Section 2’ worth 67.7 billion KRW.

Hanshin Engineering & Construction disclosed this information on the electronic disclosure system on the 9th. This follows the public construction contracts won in March for the ‘Cheonan Nundeul Crossing Construction (contract amount 33.1 billion KRW)’ and in April for the ‘Imgye East Road (contract amount 70.1 billion KRW).’

Hanshin Engineering & Construction also gained a favorable position in winning the contract for Section 2 of the ‘Metropolitan Area Express Railway Line B (Yongsan~Sangbong) Trackbed Construction and Other Works’ through the comprehensive evaluation bidding system. As a result of the bid opening, it submitted the bid amount closest to the balanced bid price (estimated price 282.5 billion KRW), ranking first in the price evaluation.

According to Hanshin Engineering & Construction’s business report last year, the company recorded a cumulative order backlog of approximately 5.6 trillion KRW at the end of last year, of which the public construction order backlog was in the 1.2 trillion KRW range. With this recent contract win, the public construction order backlog is expected to exceed 1.5 trillion KRW.

A representative from Hanshin Engineering & Construction stated, “We plan to further strengthen our public construction and urban redevelopment project orders to maintain continuous growth,” adding, “Following last year, we aim to join the ‘1 trillion KRW club’ in the urban redevelopment project order sector again this year.”

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