HCM CITY — Korea’s Hyundai Engineering and Construction (E&C) Company yesterday signed the main package contract for a 68-storey lotus-shaped tower developed by the Binh Minh Import-Export, Production and Trading Corp.
The package, worth US$93 million before VAT and import tarrifs, also includes the supply and installation of the tower’s electrical and engineering systems.
The Bitexco Financial Tower, located in HCM City’s Dist. 1, is bound by the streets of Hai Trieu, Ngo Duc Ke and Ho Tung Mau. The total investment for the tower is estimated at US$220 million.
Bitexco chairman Vu Quang Hoi said he expected the project, one of the highest buildings in Viet Nam with a height of over 262m, would be completed in 2010.
It will have three basements of over 12,000 sq.m, around 100,000 sq.m for office space, a convention centre and a shopping mall.
The 47th floor will be an observation spot for tourists to look over the city.
Hyundai E&C has participated in various projects in Viet Nam, including the Pha Lai 600MW Thermal Power Plant No 2 and Hyundai-Vinashin Shipyard, according to its president J.S. Lee.
Bitexco has become a large real estate developer with residential complexes The Manor Ha Noi and The Manor Sai Gon, and The Garden – an office, hotel and shopping mall complex. —
Bao Viet Nam 