South Korean builder Taeyoung Engineering & Construction Co. said Monday it has clinched a 55.28 billion won (US$49.76 million) order to build a water treatment plant in Bangladesh.

Under the deal with Chittagong Water Supply and Sewerage Authority, a semi-autonomous municipal utility that provides water supply and sanitation services in Bangladesh, Taeyoung will construct a water treatment facility in the southeastern port region of Modunaghat in the South Asian country, the company said in a regulatory filing.

The project, which is funded by the World Bank, also includes the development of a booster pump station in the nearby region of Patenga, according to the South Korean firm. Construction will last 30 months. (Yonhap)