Posted on 31 Mar 2008
POSCO Engineering & Construction Co., a construction
unit of South Korea's leading steelmaker POSCO Co. (KSE:005490), said today it
had clinched a US$112 million preliminary deal to build an international
container terminal in southern Vietnam.
The container terminal, expected to process 1.15 million
20-foot containers a year, will be built in Vung Tau, 125 kilometers south of
The formal contract is scheduled to be signed in April, with
the South Korean builder slated to break ground for the terminal in May with
the aim of completing it by 2011, POSCO E&C said.
