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Dredging Construction Order Receipt for Northern Part of Incheon Port

2008-12-31

Ssangyong Engineering & Construction is the sole supplier of a dredging construction order for the northern part of Incheon Port from the Incheon Port Authority worth 22 billion and 87 million won.

The dredging covers a total of 2,023,056 square meters, a part of the route of the northern part of Incheon Port. The construction is to be completed by June 23, 2010 after the approximately 30-month construction period.

Meanwhile, the current dredging site is adjacent to the site of North Incheon Port where Ssangyong is working backed by private investment, so additional cost reduction is expected.