Hyundai E&C signs deal for railroad in Indonesian province

Home > Business > Industry

print dictionary print

Hyundai E&C signs deal for railroad in Indonesian province

Hyundai Engineering and Construction, the nation’s largest builder, said yesterday it signed a memorandum of understanding with Russian builder RZDstroy to take part in a $1.6 billion railroad project in Indonesia.

The MOU was signed in Moscow on Monday. The project is to build a 192-kilometer railroad from a coal mine in the Kalimantan region to the eastern cost. Hyundai E&C said that PT Kereta Api Borneo, a local affiliate of RZDstroy, has already received a license for the project from the regional government.

More in Industry

Hyundai, Naver to work together on connected car systems

SK Telcom merges two security services subsidiaries

KDB requests sit-down with Asiana unions about takeover

Are you Taycan to me?

Facebook hit with $6 million penalty for customer data leak

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now