GS Group wins bid to build bridge over river in Vietnam
GS Engineering and Construction, the nation’s sixth-largest builder, said yesterday it secured a 239.4 billion won ($219 million) project from Vietnam to build a bridge over the Hau River. The construction arm of GS Group said that it signed the deal with Cuu Long CIPM, a company under Vietnam’s Ministry of Transport, to carry out the Vam Cong Bridge project. GS E&C said it won the project, along with Korean midsize builder Hanshin Construction, and will collect 191.5 billion won for an 80 percent stake for the project. The project will be financed by the Economic Development Cooperation Fund of the state-run Export-Import Bank of Korea, the company said. The 2.97-kilometer (1.84-mile) long bridge is expected to be completed around September 2017.