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Ssangyong Engineering & Construction Co. said Tuesday that it has won a $180 million contract to build a new college campus in Singapore.
The deal signed with the National University of Singapore on Monday, calls for the South Korean company to build facilities, including dormitories, a library and lecture halls for Yale-NUS College.
Ssangyong E&C said the project will be completed 29 months after work begins later this month.
The latest order comes weeks after Ssangyong E&C’s creditor banks announced the provision of 130 billion won ($117 million) in a bid to help the cash-strapped builder turn around.
Last month, the Korea Asset Management Corp., the state-run debt-clearer that owns a 38.8 percent stake in Ssangyong E&C, also provided 70 billion won to the builder. (Yonhap News)
The deal signed with the National University of Singapore on Monday, calls for the South Korean company to build facilities, including dormitories, a library and lecture halls for Yale-NUS College.
Ssangyong E&C said the project will be completed 29 months after work begins later this month.
The latest order comes weeks after Ssangyong E&C’s creditor banks announced the provision of 130 billion won ($117 million) in a bid to help the cash-strapped builder turn around.
Last month, the Korea Asset Management Corp., the state-run debt-clearer that owns a 38.8 percent stake in Ssangyong E&C, also provided 70 billion won to the builder. (Yonhap News)
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Articles by Korea Herald
