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Jakarta Post

South Korean firm eyes Sunda Strait bridge project

  • The Jakarta Post

Jakarta   /   Mon, April 11 2011   /  08:00 am

South Korean construction firm GS Engineering and Construction Corporation has affirmed its interest in participating in the construction of the US$17.5 billion Sunda Strait bridge.

GS CEO Woo Sang Ryong expressed interest in taking part in the bridge project during a meeting with Public Works Minister Djoko Kirmanto in Jakarta on Friday.

“The construction of the Sunda Strait bridge is expected to require a huge amount of funds. Therefore, I’m sure that any firm working on this project will need to cooperate with other investors,” Djoko said Friday, as quoted by the ministry’s website.

Djoko added, however, that the Korean firm, a subsidiary of Korea’s seventh-largest business group, would also be required to cooperate with local companies for the project, as stipulated by government regulation.

“Foreign investors and builders who want to take pa...