Hyundai E&C scores its first contract in Uganda marketHyundai Engineering and Construction said yesterday it won a $128 million order - along with Japan’s Zenitaka - from the Uganda National Roads Authority to build a bridge.
This is the first-ever Uganda order for Hyundai E&C. Korea’s largest builder will construct a 525-meter-long (574-yard-long) bridge across the Nile River in the Jinja area. Work is expected to take four years, and Hyundai E&C will receive $63 million with a 49 percent share in the project.
The affiliate of Hyundai Motor Group established an office in Johannesburg last year to explore the African market.
The company previously won a contract for a $250 million plant expansion project in Ivory Coast.