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Biz News Korea(Eng)
GS E&C lands $1.46bn deal to build world’s largest vehicle garage in Singapore
- Collected
- 2016.03.23
- Distributed
- 2016.03.25
- Source
- Go Direct
According to GS E&C, the project named T301 is the largest construction project of Singapore’s LTA and the depot the Korean company will build would be the world’s first building-type rail and bus depot for three subway lines that pass Changi Airport in Singapore.
Under the contract, the Korean builder will construct a two-story building with one underground floor on a 320,000-square meter site. Upon completion, the vehicle garage will have the capacity to house 985 train vehicles and 815 buses. The builder will also construct a 1.45 km-tunnel. The builder aims to complete the construction by February 2024.
With the latest deal, GS E&C will be sorely responsible for T301 orders worth over 2 trillion won in total including the T301’s preparatory construction T3008 awarded last June. So far, GS E&C has landed seven subway construction contracts worth 3.2 trillion won in total in Singapore.
By Shin Soo-hyun
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]