Dongbu Corporation announced on the 16th that it has won the bid for the Busan New Port-Kimhae Expressway construction section 1. The Busan New Port-Kimhae Expressway project involves the construction of a total of 6.86 kilometers of a four-lane road, three tunnels, one bridge, and one underpass, extending from Songjeong-dong in Gangseo District, Busan, to Su-ga-dong in Kimhae, Gyeongsangnam-do, with a total project cost of 1.4 trillion won. The total construction cost for section 1, undertaken by Dongbu Corporation, is 340 billion won, with Dongbu Corporation serving as the lead contractor with 70% equity. With this bid win, Dongbu Corporation surpassed a cumulative order amount of 1 trillion won in the first half of the year.
A representative of Dongbu Corporation noted, "This bid win is viewed as a result of steadily recognizing our expertise and technological capabilities in the road construction sector," and added, "We plan to continue our strategy of focusing on projects with high revenue and feasibility while actively responding to market changes, thereby maintaining a stable bidding base for sound projects at home and abroad in the second half of the year."