Doosan Engineering & Construction Secures Consecutive Road and Power Tunnel Contracts Worth 121.1 Billion Won

Secures Section 2 of Ulsan's Largest Road Project, the "Nongso-Gangdong Road Construction"
Wins Contract for the 154kV Namchuncheon-Chuncheon Power Tunnel Project

Doosan Engineering & Construction announced on October 27 that it has consecutively secured contracts for the "Nongso-Gangdong Road Construction Project (Section 2)" and the "154kV Namchuncheon-Chuncheon Power Tunnel Project."

The total contract value for the Nongso-Gangdong Road Construction Project (Section 2) is 101.9 billion won, with Doosan Engineering & Construction holding an 81.6 billion won stake (80%). The construction period is 63 months from the commencement date.

The Nongso-Gangdong Road Construction Project is one of the largest road projects in Ulsan and is expected to significantly improve east-west traffic flow in the Ulsan region by connecting to the Ulsan Outer Ring Road in the future. Out of a total of four sections, Sections 1, 3, and 4 have already commenced, and Doosan Engineering & Construction signed the contract for Section 2 on October 24.

On October 14, Doosan Engineering & Construction also won the contract for the "154kV Namchuncheon-Chuncheon Power Tunnel Project" commissioned by Korea Electric Power Corporation. The total contract value is 56.4 billion won, with Doosan Engineering & Construction holding a 39.5 billion won stake (70%). The construction period is 27 months from the commencement date. This project involves constructing a new power tunnel along a total length of 6,550 meters, of which 1,333 meters will be built using a mechanical excavation tunnel method.

Since starting with the "Gwangyang-Yeosu Power Tunnel Project" in 2018, Doosan Engineering & Construction has accumulated stable construction capabilities by executing power tunnel projects in various regions. This latest contract marks the company's seventh power tunnel project, further solidifying its leading position in the domestic power tunnel construction sector.

In addition to power tunnel projects, Doosan Engineering & Construction continues to achieve results in various civil engineering fields such as railroads, subways, and roads. Recently, the company has also built a track record in nationwide subway projects, including the Byeollae Line (Line 8 extension) and the Line 7 Cheongna extension.

With this latest contract, Doosan Engineering & Construction expects to maintain an order backlog of around 10 trillion won within this year. As of the first half of the year, the order backlog stood at 9.8 trillion won. The company plans to continue its steady growth based on a stable business foundation.

Doosan Engineering & Construction stated, "We are establishing a stable growth foundation through a balanced order strategy that covers both the public and private sectors," and added, "We will continue to prioritize quality and safety in our construction, leveraging our accumulated technological expertise and construction experience."

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