BUSINESS

Ssangyong E&C wins orders from Iraq

By Korea Herald
  • Published : Sept 20, 2012 - 22:52
  • Updated : Sept 23, 2012 - 09:47
South Korean builder Ssangyong Engineering & Construction Co. said Thursday it has won an order from Iraq.

Under a deal with the Kurdistan regional government, Ssangyong E&C will build a water treatment plant and transmission and storage facilities in the cities of Halabja and Sulaymaniah in Iraq’s self-ruled northern Kurdish region under a project financed by the Japan International Cooperation Agency, the company said.

The company is scheduled to receive 45 billion won ($40 million) as an advance payment within a month, a company official said.

No date has been set for construction to start.

(Yonhap News)


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