FECON WINS BIG INFRASTRUCTURE PROJECTS OF OVER 1300 BILLION VND FOR THE FIRST TWO MONTHS OF 2024

FECON Corporation (HOSE: FCN) won many new packages of infrastructure projects with a total contract amount of 1300 billion VND.  

On 27th January 2024, FECON signed a design, internal road, and infrastructure construction package belonging to Lach Huyen Port – Terminal No. 5, 6 (Investor: HATECO) with a total contract amount of 781 billion VND. After the CDM package, FECON applied RAS COLUMN with a total contract amount of 383.1 billion VND. 

Representatives of HATECO Hai Phong International Container Terminal (left) and FECON Corporation (right) signed the contract

Moreover, FECON won Jetty Works’s package – Baria Serece Port (Extension) at Ba Ria – Vung Tau province by investor Baria Joint Stock Company of Services for Import Export of Agro-Forestry Products and Fertilizers with the total contract amount around 100 billion VND. Baria Serece Port is in the seaport system of the economic region of Thi Vai - Cai Mep (Ba Ria - Vung Tau), assessed for wharf capacity and researched to upgraded and expanded to receive tonnage ships to 100,000 DWT.  

Mr. Nguyen Van Thanh - CEO of FECON Corporation

FECON also recorded a new package – Construction of Hanoi Railway Station of Huong Binh Cable Car Route project (Investor – Pacific) with a total contract amount of over 200 billion VND.

In addition, FECON will join technical infrastructure work in the luxury apartment complex combined with commerce in the Binh Duong project and EDT.INFR.BP01 project  

In traditional construction, FECON also won other projects such as LPG Yen Hung, Quang Trach 1 Thermal Power Plant, etc.  

Thus, in just the first two months of 2024, FECON announced winning many new bidding packages, with a total contract amount of more than 1300 billion VND, increasing the total value of FECON's ongoing contracts in 2024 up to about 6000 billion VND.