Kye-Ryong Construction Selected as Preferred Bidder for 73.1 Billion KRW Seongnam-Seocho Expressway Private Investment Project, Securing Stable Order Backlog

Kye-Ryong Construction has been selected as the preferred bidder for the Seongnam-Seocho Expressway private investment project initiated by the Ministry of Land, Infrastructure and Transport.
The total project cost is 487.2 billion KRW, and the company's 15% share amounts to approximately 73.1 billion KRW, representing about 2.53% of its 2025 consolidated sales of 2.8874 trillion KRW.
The construction period is 60 months from commencement, expected to contribute long-term revenue, and the project is backed by the central government, ensuring stable execution.
The project utilizes a BTO-a structure which involves some operational risk but is likely to generate steady cash flows as a private investment project.
[AI Summary]Kye-Ryong Construction secured a government-led infrastructure project, strengthening its medium to long-term revenue base. The 73.1 billion KRW contract, though only 2.53% of sales, provides stable order backlog and supports stock price stability. However, the absence of capital raising or shareholder return initiatives limits short-term price momentum.