Gov’t to create 2 tril. won fund to help local builders
Details such as how to form the fund and which constructors will benefit will be determined by the end of this year, the ministry added.
Korean construction companies are enjoying a boom in overseas orders this year on the back of growing demand from Middle Eastern countries which are flush with cash on skyrocketing oil prices.
In 2007, they secured a combined $40 billion worth of overseas orders, which are expected to grow to $45 billion this year, according to the Ministry of Land, Transport and Maritime Affairs.
The expected the public-private fund to help local builders participate in large-sized overseas energy development and other infrastructure construction projects.
The Ministry of Strategy and Finance expected the public-private fund can help local builders participate in large-sized overseas energy development and other infrastructure construction projects.
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2008년 10월 6일 16:30
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2008년 8월 6일 17:21