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POSCO to sign contract with Gwangju City for the Punghyang-dong redevelopment project.

포스코건설광주 풍향구역 재개발 수주

 

POSCO Engineering and Construction Company recently became the contractor for the Punghyang-dong area redevelopment.

 

The Punghyang-dong redevelopment union held a general assembly to vote for the contractor last Saturday with some 950 union members. POSCO won with 501 votes while Lotte Construction Company received 428.

 

POSCO proposed various special construction designs to earn the unions vote. Such as, 2.5 parking lots per a family, using PosART Marble technology for the interiors and more. Additionally, they announced they would invest nearly 850 billion won in total into the construction.

 

The redevelopment will proceed on a 150,000 square meter area aiming to build 35 floor high apartments holding some 3,000 households.

 

An official of the chosen company said, Posco will put in all efforts as a response to the union memberstrust. The region will be redeveloped into a local landmark.

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