HanmiGlobal Subsidiary OTAK Wins $45 Million National Park Service Research Contract in the U.S.
Conducting Social Surveys on National Parks for Five Years
Additional Contract Following Engineering Services Deal
On May 19, HanmiGlobal, a company specializing in construction project management (PM), announced that its U.S. subsidiary, OTAK, has signed a contract to undertake a socioeconomic research project commissioned by the National Park Service (NPS), an agency under the U.S. Department of the Interior.
The contract is valued at a total of 30 million dollars (approximately 45 billion won). Through this agreement, OTAK will provide consulting and research work for the socioeconomic survey activities commissioned by the National Park Service over the next five years. The main areas of work include social research on national park visitors and park management personnel, analysis of resource value assessments, analysis of the regional economic impact and benefits related to park development, transportation impact assessments, and regulatory and environmental impact analyses. Through these efforts, OTAK will provide the National Park Service with essential data and analytical results needed for park operations and policy formulation.
This contract follows OTAK's signing last month of a 400 million dollar nationwide engineering services procurement contract for infrastructure improvement and maintenance across national parks, also commissioned by the National Park Service.
OTAK, acquired by HanmiGlobal in 2011, has carried out a variety of public projects for the U.S. government and has maintained a long-term cooperative relationship with the National Park Service. Earlier this month, HanmiGlobal also signed a strategic partnership agreement with AtkinsRéalis, a Canadian PM and nuclear specialist company, to expand its contract portfolio in the U.S. nuclear power and industrial plant sectors.
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A HanmiGlobal representative stated, "This contract is significant in that OTAK has expanded its collaboration with the National Park Service beyond engineering to include research areas that support policy development. We will continue to leverage our extensive project experience and local network to expand our business opportunities in the U.S. market."
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