The Naval Facilities Pacific area of operations has invested $2.5 billion into building up internal capacities behind the fence on Guam and the region by 2028.
The $2.5 billion award is split between seven construction companies and joint ventures contracted to design and build facilities within Guam, the Commonwealth of the Northern Mariana Islands, Hawaii and other areas in the Pacific and Indian Oceans, including local company Core Tech International Corp.
According to a news release, about 80% of the construction work will be done on Guam, with the remaining projects spread across the CNMI, Hawaii, and other areas in the Pacific and Indian Oceans.
“The term of the contract is not to exceed 60 months with an expected completion date of March 2028,” a release from the Navy stated.
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