Market Chatter: GS E&C's Australian Subsidiary Wins Subway Tunnel Construction Project in Australia

MT Newswires Live

2024/11/12

GS Engineering & Construction's (KRX:006360) Australian subsidiary GS Engineering & Construction Australia secured a subway tunnel construction project from the Suburban Rail Loop Authority via a consortium, Yonhap News reported Monday.

The consortium comprises two other firms.

The project is worth 1.56 trillion won, and will construct a 10-kilometer subway tunnel in Melbourne by 2035, the report said.

Shares of GS Engineering & Construction fell more than 1% at market close on Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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