(MENAFN) South Korea's No. 1 builder, Hyundai Engineering and Construction Co., announced wining a USD775 million land reclamation project in Singapore, QNA reported.
The project, named Tuas Finger One, will be preceded in cooperation with South Korea's Samsung C&T Corp. and Japanese Penta Ocean, the firm said.
Hyundai holds a 29 percent stake in the joint venture, worth USD225 million, while Samsung and Penta Ocean controlling a 28-percent stake each.
Construction is expected to take 53 months with the completion date set for January 2019. Once the project is complete, it will be used as a new port facility by the city-state.
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