Younex comments on construction delay - KUAM.com-KUAM News: On Air. Online. On Demand.

Younex comments on construction delay

Posted: Updated:

by Michele Catahay

Guam - A government-ordered restructuring of a local construction firm and its parent company in Korea has delayed the completion of the Emerald Oceanview Park project in Tamuning.   According to a press release from Younex International, the developer of the project, says Hanil Construction and Engineering was one of nine firms selected by the Korean government to restructure their operations with government oversight and support over the next 90 days. 

The restructuring will result in a slight delay in construction of the Emerald Oceanview Park project. Senior Vice-President of Younex International Dave Tydingco told KUAM News, "What the government has done was to step in and say, 'Hey, let's evaluate which construction companies can viably work things out and then continue with their business and which companies can't', and then we'll select which companies can continue with government oversight and so there's going to be a little period.  We're thinking it's going to be up to 90 days by which Hanil will work its way through the situation."

Younex meanwhile is still on track with the construction of the Ukudu Workforce Village, which is expected to open on November 1 with an initial 2,000 beds to support temporary workers brought in for the Guam buildup.

  • NEWS HEADLINESMore>>

  • Prutehi Litekyan looking for answers on NOVA issue

    Prutehi Litekyan looking for answers on NOVA issue

    A KUAM News investigative story about DOD contractor fined $100K by Guam EPA for spilling over 100 gallons of jet fuel and contaminating 500 tons of soil in Agana Heights and Harmon has caught the attention of local environmental justice group Prutehi Lit

    More >>

    A KUAM News investigative story about DOD contractor fined $100K by Guam EPA for spilling over 100 gallons of jet fuel and contaminating 500 tons of soil in Agana Heights and Harmon has caught the attention of local environmental justice group Prutehi Lit

    More >>
  • GEC banking on favorable weather for Super Saturday

    GEC banking on favorable weather for Super Saturday

    54,033 registered voters locked and loaded for Saturday's Primary Election. Today, the GEC began the process of transporting polling booths to polling sites around the island. While the GEC has been touting record voter registration for the Primary, in orMore >>
    54,033 registered voters locked and loaded for Saturday's Primary Election. Today, the GEC began the process of transporting polling booths to polling sites around the island. While the GEC has been touting record voter registration for the Primary, in orMore >>
  • Democrats sign unity pledge

    Democrats sign unity pledge

    With less than a week before the primary election, the Democratic candidates are committing to support the winning party candidates. All four of their gubernatorial teams have signed off on the unity pledge. Party Chairwoman Senator Regine Biscoe-Lee saysMore >>
    With less than a week before the primary election, the Democratic candidates are committing to support the winning party candidates. All four of their gubernatorial teams have signed off on the unity pledge. Party Chairwoman Senator Regine Biscoe-Lee saysMore >>
Powered by Frankly