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AP-Dow Jones: Burma Sewage Tunnel
- Subject: AP-Dow Jones: Burma Sewage Tunnel
- From: ider@xxxxxxxxxxxxxxx
- Date: Fri, 31 May 1996 02:31:00
Japan Kajima Gets 1.72B Yen Burma Sewage Tunnel Order
TOKYO (AP-Dow Jones)--Kajima Corp., a leading Japanese construction =
company,
received an order to develop a tunnel system linked to a dam 400km north =
of
Rangoon, a company spokeswoman said Friday.
Kajima reported that it accepted the project to design and supply mach=
inery
required to build two tunnels of 956 and 916 meters each, for a total =
sum of
1.72 billion yen. It said the tunnels will be linked to filter water supp=
ly.
Construction of the tunnels began in May 1996 and is expected to end =
May
1998, Kajima reported.
The Kajima spokeswoman said while it has received several private sect=
or
orders in recent months, this will be the first time the company will =
be
involved in public works in Burma since 1988.
Prior to the Burmese coup d'etat in 1988, Kajima had completed 25 proj=
ects in
the country, the spokeswoman said. Since then, the company ceased to be
directly involved with Burmese projects, and only recently has seen sligh=
t
recovery in orders, she said.
She said Kajima expects orders to continue increasing steadily in the =
future,
although she declined to give a specific number.
In trading on the Tokyo Stock Exchange Friday, Kajima shares closed =
at 1,130
yen, up 10 yen in the morning session.
Kajima is a top, family-managed contractor strong in large-scale civil
engineering. Its shares are listed on the London Stock Exchange. Headquar=
ters:
1-2-7 Moto-Akasaka, Minato-ku, Tokyo 107.
Japan Kajima Gets 1.72B Yen Burma Sewage Tunnel Order
TOKYO (AP-Dow Jones)--Kajima Corp., a leading Japanese construction =
company,
received an order to develop a tunnel system linked to a dam 400km north =
of
Rangoon, a company spokeswoman said Friday.
Kajima reported that it accepted the project to design and supply mach=
inery
required to build two tunnels of 956 and 916 meters each, for a total =
sum of
1.72 billion yen. It said the tunnels will be linked to filter water supp=
ly.
Construction of the tunnels began in May 1996 and is expected to end =
May
1998, Kajima reported.
The Kajima spokeswoman said while it has received several private sect=
or
orders in recent months, this will be the first time the company will =
be
involved in public works in Burma since 1988.
Prior to the Burmese coup d'etat in 1988, Kajima had completed 25 proj=
ects in
the country, the spokeswoman said. Since then, the company ceased to be
directly involved with Burmese projects, and only recently has seen sligh=
t
recovery in orders, she said.
She said Kajima expects orders to continue increasing steadily in the =
future,
although she declined to give a specific number.
In trading on the Tokyo Stock Exchange Friday, Kajima shares closed =
at 1,130
yen, up 10 yen in the morning session.
Kajima is a top, family-managed contractor strong in large-scale civil
engineering. Its shares are listed on the London Stock Exchange. Headquar=
ters:
1-2-7 Moto-Akasaka, Minato-ku, Tokyo 107.
(END) AP-DOW JONES NEWS 30-05-96
0349GMT