AMEC has won the 2007 ‘Partnership between Korea and the UK’ award from the British Chamber of Commerce in Korea.
London-headquartered AMEC won the award for its key role in a 30-year Public Private Partnership (PPP) with IncheonCity for the concession to finance, deliver, maintain and operate the £800m IncheonBridge. The project was commissioned by the South Korean Ministry of Communications and Transportation. Through its participation in this development, AMEC became the first ever foreign investor to lead a PPP in the country.
Lord Mayor of the City of London, Alderman John Stuttard, presented the award to AMEC representative director David Waters, who is leading a business delegation to the Far East, at a ceremony in Seoul this week.
The judges commended AMEC for the pioneering nature of the PPP and the company’s commitment to South Korea through its long-term involvement in the project.
‘We are delighted to accept this award, which recognises our contribution both to the Incheon Bridge project, one of Korea’s major infrastructure developments, and to the strengthening of the relationships between the organisations involved and our two countries,’ said Waters.
Soo-Hong Kim, chief executive and president of AMEC’s Korean business, said: ‘South Korea is a growing economy in which AMEC is proud to do business. Our involvement in the IncheonBridge scheme has provided us with a platform from which we intend to develop our business here, particularly in the oil and gas and nuclear energy sectors.’