BEIJING, Oct. 31 (Xinhua) -- China Machinery Engineering Corp. (CMEC) announced it has joined hands with Malaysia's Alliance Pacific Capital Group (APC) to sign a contract of building a retirement home project at Alpensia Resort in Pyeongchang, Gangwon Province, the Republic of Korea (ROK).
According to the contract, the project includes the construction and decoration of 5,000 retirement apartments and surrounding green space. As the general contractor, the Chinese company will be responsible for works of planning, design, procurement, civil engineering, installation, etc. in the form of EPC contracting.
The contract value is 499.4 million U.S. dollars and it will start construction after certain requirements are fulfilled. The construction period is planned to be 28 months.
(Edited by Yang Qi, kateqiyang@xinhua.org)
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