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Norway SWF Puts Hyundai Engineering & Construction on Observation List over Gross Corruption

Norway SWF Puts Hyundai Engineering & Construction on Observation List over Gross Corruption
swfinstitute.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swfinstitute.org Daily Mail and Mail on Sunday newspapers.

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Megawide, JV partners sign P2.9-B Malolos-Clark railway deal

Megawide, JV partners sign P2.9-B Malolos-Clark railway deal
May 5, 2021 | 12:05 am
BW FILE PHOTO
MEGAWIDE Construction Corp. announced on Tuesday that it recently signed a subcontracting agreement with Hyundai Engineering & Construction Co., Ltd. and Dong-ah Geological Engineering Co. Ltd. to supply ready-mix concrete for the package 1 of the Philippine National Railways (PNR) Clark Phase 2 (Malolos-Clark) railway project.
The company said it signed the agreement with its joint venture (JV) partners on April 21.
“The P2.9-billion contract provides for the installation and operation of concrete batching plants and supply of ready mix concrete to the project,” the company said in a disclosure to the stock exchange. ....

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South Korea's construction firm Hyundai Engineering prepares for IPO

By Reuters Staff
2 Min Read
SEOUL (Reuters) - South Korean construction company Hyundai Engineering said on Tuesday it had reached out to brokerage firms at home and abroad for them to make bids to carry out the firm’s initial public offering (IPO).
Hyundai Engineering, an affiliate of Hyundai Motor Group, engages in the civil and infrastructure engineering and construction business.
“We have submitted our proposals to brokerage firms, but details of the IPO timeline or plans have not been decided yet,” a Hyundai Engineering spokesperson said, adding that the company was eyeing an IPO to improve its credibility in the global market and to secure financial flexibility. ....

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Megawide to start work on three railway contracts

BusinessWorld
April 14, 2021 | 12:07 am
MEGAWIDE Construction Corp. said on Tuesday that it had been awarded three contracts worth more than P3.1 billion to help build the Malolos-Clark Railway Project Phase 1.
“Megawide is preparing to start construction for the Malolos-Clark Railway Project (MCRP) Phase 1 in the second quarter of the year,” the listed company said in an e-mailed statement.
The company said its batching plant, formworks, and construction equipment and logistics businesses are preparing to supply concrete materials and provide support facilities to the consortium of Hyundai Engineering & Construction Co., Ltd., Dong-ah Geological Engineering Co. Ltd. and Megawide after winning a “stringent” bidding process. ....

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Panama- Order to proceed on Metro 3 to Arraijan

(MENAFN - Newsroom Panama) The order to proceed with the construction of Metro line 3 which will link the Albrook sector and the City of the Future, in Arraiján will be issued on Monday, February 22.
The delivery of this act to the HPH Joint Venture consortium , made up of Hyundai Engineering & Construction Co., Ltd, and Posco Engineering Construction, is part of the Government plan to try to boost the construction industry in the midst of the pandemic.
Last week, the Comptroller General endorsed the contract $2.844 billion contract which includes the $2.507 billion proposed by Korean companies and the cost of financing the work. ....

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