Daewoo E&C has formed a consortium with Hanwha and Lotte to bid for the Gadeokdo New Airport project, stepping in after Hyundai E&C's withdrawal; the government has extended the construction period to 106 months, with contractor selection expected in August.
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Daewoo E&C Consortium Steps In for Gadeokdo Airport Project as Hyundai E&C Withdraws
Daewoo E&C has formed a consortium with Hanwha and Lotte to bid for the Gadeokdo New Airport project, stepping in after Hyundai E&C's withdrawal; the government has extended the construction period to 106 months, with contractor selection expected in August.
South Korea's Ministry of Land will relaunch the Gadeokdo New Airport land development project, extending the construction period to 106 months and targeting completion by 2035, after previous tenders failed due to technical and timeline concerns.
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Ministry of Land Extends Construction Timeline for Gadeokdo New Airport Land Development Project
South Korea's Ministry of Land will relaunch the Gadeokdo New Airport land development project, extending the construction period to 106 months and targeting completion by 2035, after previous tenders failed due to technical and timeline concerns.
Hyundai Engineering & Construction CEO Lee Han-woo acknowledged partial responsibility for delays in the New Gadeokdo Airport project after the company withdrew from bidding, apologizing to the public and citing disagreements over the construction timeline as the main reason for the impasse.
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Hyundai Engineering & Construction CEO Lee Han-woo Says Company Shares Responsibility for Delays at New Gadeokdo Airport—Issues Public Apology
Hyundai Engineering & Construction CEO Lee Han-woo acknowledged partial responsibility for delays in the New Gadeokdo Airport project after the company withdrew from bidding, apologizing to the public and citing disagreements over the construction timeline as the main reason for the impasse.
Hyundai Engineering & Construction Withdraws from Site Work for New Gadeokdo Airport
Hyundai Engineering & Construction has withdrawn from the Gadeokdo New Airport site project, citing safety concerns over an accelerated schedule, as government and civic groups call for a re-bid and the company's exclusion.
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