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South Korean investor eyes HCMC transport projects

Released at: 11:28, 26/08/2016

South Korean investor eyes HCMC transport projects

Photo: Duc Anh

GS Engineering & Construction Corporation expresses special interest in metro projects during meeting with city leaders.

by Khanh Chi

South Korea’s GS Engineering & Construction Corporation (GS E&C) proposed it expand its investment in the city’s infrastructure development, especially in transport, at a meeting with city leaders on August 23.

A representative from GS E&C’s Project Management Department confirmed with VET that GS E&C will focus on infrastructure development projects in the southern city.

He also noted that despite facing many difficulties the company expects the Tan Son Nhat - Binh Loi Outer Ring Road project, construction of which began in 2004, to be completed in September.

According to Mr. Huh Myung Soo, Deputy Chairman of GS E&C, the company has exerted all efforts in conducting projects in the Thu Thiem urban area and Nha Be district in the city. The Nha Be New Urban Area project has been approved by local authorities and he hopes the city will remove obstacles in site clearance and relocate power lines for quick implementation.

Representatives from GS E&C told the meeting that the company has been conducting research so it can participate in projects within the Ben Thanh - Tham Luong Metro Line No. 2 and Metro line No. 5 from the Can Giuoc Bus Terminal to Sai Gon Bridge.

“Ho Chi Minh City has already conducted thorough administrative reform, creating a favorable investment environment,” Mr. Soo said.

In response, Chairman of the Ho Chi Minh City People’s Committee Mr. Nguyen Thanh Phong acknowledged the contribution made by GS E&C to the city’s infrastructure development, including the Tan Son Nhat - Binh Loi Outer Ring Road.

Regarding the Nha Be New Urban Area, he said the city will endeavor to move site clearance forward and soon hand over a clean site. The task is expected to be completed by November.

He also hopes the company will participate in other infrastructure projects in the city. Further discussions must be held regarding metro projects it wishes to be involved in.

GS E&C, a member of the GS Group, is a South Korea-based global engineering, procurement and construction (EPC) contractor with a wide range of experience in refineries and gas and petrochemical projects, providing design, environmental facilities and construction services. It operates in the fields of architecture, civil engineering, housing, plants, the environment, and power plants across the globe.

It also provides EPC and commissioning of thermal and combined cycle power plant projects, combined heat power and district heating plants, and nuclear power projects.

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