Fecon gets the nod to step into giant project

December 10, 2012 | 08:00

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Taiwan-backed Formosa Ha Tinh Steel Corporation has chosen Fecon as one of the major contractors for the $22 billion project.

Accordingly, by the end of 2012, Fecon will supply and place over 100,000 metres of D400-D600 PHC poles used in foundation construction, out of a total committed 1.2 million metres of poles which would generate for Fecon more than VND1 trillion ($48 million) in estimated revenue.

Formosa Ha Tinh iron steel complex covers more than 3,000 hectares in five communes in north-central Ha Tinh’s Ky Anh district and will be built in two phases. The first phase, capitalised at an estimated $10 billion, includes the construction of the Son Duong port with handling capacity exceeding 30 million tonnes per year parallel to 11 wharves, a steel factory capable of producing more than seven million tonnes per year, and a power plant with an annual capacity of 650 megawatts.

Once commissioned, the complex will become one of South East Asia’s largest iron steel complexes, providing nearly 10,000 jobs.

According to the developer’s latest report, about 93.7 per cent of site clearance for phase one had been completed. Relevant contractors and several sub-contractors are in full gear involving in survey, testing, foundation treatment, pole positioning and infrastructure building striving to ensure the project progress targets.