Samsung C&T Corp (SAMS) - Regarding Press Release
RNS Number : 0093P
Samsung C&T Corporation
18 October 2012
Regarding Press Release Concerning the Speculation on the Execution of
theAbbot Point Port T3 Terminal Project Construction Contract
Regarding the press release on the Contract for Abbot Point Port T3 Terminal
project in Australia, Samsung C&T confirms signing an Early Contractor
Involvement (ECI) Contract on the 17th of October, 2012 with Hancock Coal
Infrastructure Pty Ltd., an affiliate of India's GVK.
There has been no confirmed contract price or contract date at this point, but
there will be another public notification within one month of this press
release or after Samsung C&T is selected as the construction contractor.
* ECI(Early Contractor Involvement):
ECI is a bidding method used in Australia to work out the construction plans
and costs before actual construction contract is awarded.
- Samsung C&T has formed a Joint Venture (J/V) with the Australian Company,
Smithbridge Group Pty Ltd. and Samsung has exclusively signed an ECI Contract.
* Abbot Point Port T3 Terminal Project:
The project plan is to build a coal export port facility with an annual
processing capacity of 60 million tons at Abbot Point in Queensland, about
1,000km north of Brisbane.
This information is provided by RNS
The company news service from the London Stock Exchange
MSCEAFEPFEEAFFF -0- Oct/18/2012 11:04 GMT
Press spacebar to pause and continue. Press esc to stop.