GS Engineering & Construction announced on the 11th that it has secured a contract for an underground tunnel construction project for the Suburban Rail Loop (SRL) in Australia, valued at 570 million Australian dollars (520.5 billion KRW).
Among the entire SRL route map in Australia, the section awarded to GS Engineering & Construction Australia Corporation (Provided by GS Engineering & Construction Australia Corporation)
This project involves constructing approximately 10 km of double-track (twin-bore) TBM tunnels, 39 emergency connection passages, and excavation of two underground station sites in the eastern section of the SRL located in the suburbs of Melbourne. GS E&C Australia will carry out the project through a joint venture with WBuild and VIG.
GS E&C Australia holds a 33.5% stake in the joint venture. Accordingly, out of the total project cost of 1.7 billion Australian dollars (1.6 trillion KRW), 570 million Australian dollars will be reflected as GS E&C’s secured contract amount.
This project is part of the SRL initiative to build a new 90 km urban rail line in Melbourne. GS E&C plans to commence construction this year and, after subsequent system works, open the line in 2035. Once completed, the entire project is expected to serve as a central axis connecting various regions of Melbourne.
Following GS E&C Australia’s initial entry into the local market with the North East Link (NEL) road project in 2021, securing another large-scale infrastructure project signifies the company’s solidified position in the Australian construction market, the company stated.
A representative of GS E&C Australia said, "This contract is significant as it expands our presence in Australia’s infrastructure construction sector. Based on the technology and execution experience GS E&C has accumulated in the global construction market, we will successfully complete the project and continue to broaden our footprint in the Australian market."
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