{"id":6127,"date":"2022-06-15T17:01:38","date_gmt":"2022-06-15T09:01:38","guid":{"rendered":"https:\/\/www.continental-holdings.com\/?p=6127"},"modified":"2022-06-15T17:01:38","modified_gmt":"2022-06-15T09:01:38","slug":"cec-awarded-cross-harbor-tunnel-contract-for-n-wh-projects-of-ministry-of-national-defense","status":"publish","type":"post","link":"https:\/\/www.continental-holdings.com\/en\/about\/media-center\/cec-awarded-cross-harbor-tunnel-contract-for-n-wh-projects-of-ministry-of-national-defense\/","title":{"rendered":"CEC awarded Cross-Harbor Tunnel contract for N-WH projects of Ministry of National Defense"},"content":{"rendered":"<p style=\"text-align: left;\">Continental Engineering Corporation (CEC), the construction engineering arm of Continental Holdings Corporation (TWSE:3703), was awarded the Cross-Harbor Tunnel contract as part of the N-WH projects framework for the Ministry of National Defense, with the contract signed today (June 15<sup>th<\/sup>, 2022). Located within the existing Zuoying military port in Kaohsiung, the project scope includes a cut &amp; cover cross-harbor tunnel, port revetment works, sand compaction piles, dredging, environmental control, and tunnel ventilation works.<\/p>\n<p style=\"text-align: left;\">\u201cThis new contract is particularly important in that it represents CEC\u2019s first harbor\/marine contract and part of our strategic plan to diversify our core civils business.\u201d, said CEC CEO Simon Buttery. This new contract, whose total value is NT$6.25 billion (US$224 million), brings CEC\u2019s backlog value (as of the end of May, 2022) to NT$75 billion, a new record and equivalent to 4.4 times of the company\u2019s consolidated revenue in 2021, sufficient to sustain CEC\u2019s revenue growth for the next few years.<\/p>\n<p style=\"text-align: left;\">CEC is a reputable leading engineering and construction company in Taiwan. Apart from this project, it is has gained significant experience through delivery of a number of complex tunneling projects such as Provincial Road No. 9 Suhua Highway C2 Renshui Tunnel Project, Taiwan Rail (TRA) Shan-Li Tunnel, Taipei Songshan Airport Fuxing North Road Underpass Project and Taiwan High Speed Railway Contract 260 (Paghuashan Tunnel).<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 10pt;\"><strong>*Note: &#8220;N-WH Project&#8221; refers to the &#8220;Weihai project&#8221; for the construction of No. 2 port of Zuoying<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Continental Engineering Corporation (CEC), the construction engineering arm of Continental Holdings Corporation (TWSE:3703), was awarded the Cross-Harbor Tunnel contract as part of the N-WH projects framework for the Ministry of National Defense, with the contract signed today (June 15th, 2022). Located within the existing Zuoying military port in Kaohsiung, the project scope includes a cut &hellip; <a href=\"https:\/\/www.continental-holdings.com\/en\/about\/media-center\/cec-awarded-cross-harbor-tunnel-contract-for-n-wh-projects-of-ministry-of-national-defense\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[78],"tags":[],"_links":{"self":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts\/6127"}],"collection":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/comments?post=6127"}],"version-history":[{"count":1,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts\/6127\/revisions"}],"predecessor-version":[{"id":6128,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts\/6127\/revisions\/6128"}],"wp:attachment":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/media?parent=6127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/categories?post=6127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/tags?post=6127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}