POSCO E&C has won a $290 million (about 350 billion won) order to build a vehicle base for the Philippines' north-south railway, which was ordered by the Philippine Ministry of Transportation.
According to POSCO E&C on July 13, the project is to build a railway vehicle base in Clark, a special economic zone in the Philippines, as part of a 53km-long north-south railway construction project linking Malolos and Clark in northern Manila.
The construction period will be four years from the date of construction, and 48 buildings will be constructed on a site area of 330,000 square meters.
The Philippine government expects that the completion of the railway will drastically reduce travel time between Manila and Clark, which will contribute to boosting its economy and tourism.
POSCO E&C has been recognized for its high competitiveness by successfully constructing the Deokha car depot for the Donghae Nambu Line, Seongnam Yoju car depot and Daegu Metro car depot.
"We will be able to further solidify POSCO E&C's position in the overseas railway construction market in the future," a company official said. "We will make efforts to implement corporate citizen management ideology by solidifying partnerships with our Filipino partners."
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