Korea Rural Community Corporation succeeds in winning order for irrigation project in Malawi

Published May 3, 2024

Tridge summary

The Korea Rural Community Corporation has been awarded a contract by the Malawi government for the design and construction supervision of a medium-scale irrigation project. The project aims to boost food production and increase income through the expansion of agricultural production infrastructure across 7 districts. The corporation formed a consortium with a domestic company and a local Malawi company to win the order. The successful implementation of the project is expected to pave the way for the participation of domestic companies worth 2.4 billion won. This opportunity will further establish the corporation's role in creating an agricultural production base abroad and support the expansion of domestic companies overseas.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Expanding support for private companies to expand overseas The Korea Rural Community Corporation recently announced that it succeeded in winning the contract for the ‘medium-scale irrigation project design and construction supervision service project’ ordered by the Malawi government, and that it will expedite overseas business, including expanding support for private companies’ overseas expansion. This project aims to increase food production and increase income through expansion of agricultural production infrastructure by constructing water sources and irrigation facilities such as dams and river weirs in 7 districts (approximately 6,100 ha) in 5 regions of the middle and upper reaches of the Shire River in Malawi. It is a business to build. To win this order, the corporation participated by forming a consortium with Dasan Consultants Co., Ltd., a domestic company, and ‘L-Gravam’, a local company in Malawi. According to this contract, the ‘KRC Consortium’ will be in charge of ...
Source: Aflnews

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