[Photo News] El Salvador Project

Jungheung Group Vice Chairman Jung Won-ju (right) and Urban Development Minister of El Salvador Edgar Romeo Rodriguez Herrera shake hands to encourage Daewoo E&C’s participation in the Los Chorros highway expansion project. The project, mainly focusing on connecting San Salvador to western parts of the country, includes the use of the Export-Import Bank of Korea’s Economic Development Cooperation Fund for a construction of 902-meter-long bridge. The organizers of the project are expecting to hold a limited competitive bidding for Korean construction companies at the end of the year. Jungheung is the largest shareholder of Daewoo E&C and Herald Corp., publisher of The Korea Herald.

By Korea Herald (khnews@heraldcorp.com)