[THE INVESTOR] Hyundai Samho Heavy Industries announced on June 22 that its US$210 million Panama Canal contract has been completed.
In 2010, Hyundai Heavy won the contract to build and install 158 small floodgates and 158 sets of hydraulic systems for the Panama Canal expansion project.
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An aireal view of the Panama Canal. Panama Canal Authority |
The US$5.25 billion project will increase Panamax by a factor of about 1.5. The expansion project is set for completion on June 26.
By Choi He-suk (
cheesuk@heraldcorp.com)
