South Korea’s largest steel maker Posco will supply 35,000 tons of thick steel plates for what would be the world’s longest suspension bridge in Turkey, the company announced.

According to Posco, it has signed a memorandum of understanding with Cimtas Steel, the biggest steel structure engineering company in Turkey, to supply 35,000 tons of thick steel plates for the so-called Canakkale 1915 project that is constructing a 3.7-km-long suspension bridge over the Dardanelles Strait in the Canakkale province of Turkey. The company did not disclose the financial terms.

A total of 85,000 tons of thick steel plates and 41,000 tons of wire rods will be used for the bridge that is estimated to cost about $2.97 billion. The bridge construction is expected to be completed in 2023 to celebrate the centennial of the Republic of Turkey. A Turkish and Korean consortium, including SK E&C and Daelim Industrial, as well as Turkey’s Limak and Yapi Merkezi, are also taking part in building the bridge.

To obtain the deal, Posco has offered a package of various solutions for welding, transportation and storage of thick steel plates. The Korean company will seek to win more orders including wire rods and steel plates from Cimtas Steel for the project by maintaining close partnership with the Turkish company, according to a company official.