SK E&C wins $640 million contract for Hong Kong road

SK Engineering & Construction won a $640 million road construction contract from the Hong Kong government, the company said Thursday.

It is the Korean company’s first overseas order won this year and it is also the first project the company has won in Hong Kong.

The company will build an underground roadway for one of the country’s main arteries crossing the southern coastal region, dubbed the Central Kowloon Route.

The highway is one of the areas where Hong Kong’s traffic is concentrated, according to SK E&C.

The Korean construction company won the project after forming a consortium with the Hong Kong-based construction company Build King. SK has a 40 percent share in the project and is in charge of engineering, procurement and construction.

Construction will last for 84 months.

Starting with this year’s first contract, the Korean company hopes to ink 9 trillion won ($8.37 billion) worth of orders this year, which is on par with last year’s performance.

By Kim Jee-hee