27 Companies Competing for Sewol Salvage Contract

A complete of 27 firms have submitted bids for the multi-million greenback contract to lift the sunken Sewol ferry in South Korea.

The 27 firms characterize seven consortiums taking part within the tender, together with two which can be led by Korean firms and 5 by international corporations, the Ministry of Oceans and Fisheries mentioned in an announcement.

Six international corporations are among the many bidders, together with two from the United States, two from China, one from the Netherlands and one from Denmark.

South Korea is predicted to start evaluating the proposals and transfer ahead with negotiations with the popular bidder subsequent month.

The Sewol ferry sank April 19, 2015 close to Jindo, South Korea, claiming greater than 300 lives, many of the highschool college students on a category journey. The wreck lies at a depth of 44 meters.

The South Korean authorities made its choice to salvage the vessel in April after a authorities committee concluded that it could be attainable. The authorities hoped to start the work in September.