PACIFIC DAILY NEWS
Korean construction company STX Construction on Dec. 22 signed a $200 million contract with Guam's Younex Enterprises Corporation, sealing a workforce housing project deal, a press release from Younex stated.
STX Group Chairman Kang, Duck-soo and Younex Enterprises Corporation Chairman Yoon, Kil Koo signed the contract to design, build and assist with the operations and management of an 18,000 bed, fully integrated workforce village to house the surge of thousands of temporary labor expected to come to Guam in the near future, the release stated.
The Ukudu Workforce Village is strategically located in what is referred to in the Defense Department's Draft Environmental Impact Statement (DEIS) as the Harmon Annex, bordering the Navy's South Finegayan family housing facility and just north of Two Lovers Point.
Yoon said Younex has responded to the call by the Defense Department to provide a private sector solution to a DoD mission.
“We recognize the major challenges the Guam buildup will thrust upon our community, and we believe our project provides an optimum solution to the need for workforce housing while minimizing the impact to Guam's community," Yoon stated in the release.
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