GS E&C

GS E&C Australia has successfully secured another large-scale infrastructure project, solidifying its position in the Australian infrastructure construction market following its initial entry with the NEL project in 2021.

GS E&C announced on the 11th that its Australian subsidiary has signed a contract for the SRL East subway tunnel construction project, worth approximately AUD 570 million (about 520.5 billion Korean Won), awarded by the Victoria Suburban Rail Loop Authority.

This project involves the construction of a 10km long twin-bore TBM tunnel in the SRL East section located in the suburbs of Melbourne, along with 39 emergency connection roads and two underground station excavations. The total project cost is approximately AUD 1.7 billion (about 1.6 trillion Korean Won), with GS E&C Australia holding a 33.5% stake. The project will be carried out in a joint venture with Webuild (33.5%) and Bouygues (33%), with construction starting this year and completion expected in 2035 after subsequent system works.

The SRL East project, which includes this construction section, is part of the SRL project to build a new 90km urban rail line in Melbourne, involving the construction of six new stations along a 26km route. Upon completion, it is expected to serve as a central axis connecting various regions of Melbourne and significantly contribute to Victoria's economic growth.

A representative from GS E&C Australia stated, "This contract is a significant step in expanding our presence in the Australian infrastructure construction sector. We aim to successfully complete the project based on GS E&C's accumulated technology and experience in the global construction market, and continue to expand our footprint in the Australian market."

GS E&C Australia first entered the Australian market in 2021 by securing the Melbourne NEL project with GS E&C. This project involves connecting the disconnected sections between the outer ring road and the eastern road in the northeastern part of Melbourne, with a total project cost of 10 trillion Korean Won, making it the largest single project awarded in Australia.