Korea Rail Network Authority Holds Public Briefing on 73 Billion KRW Procurement of Track Materials

A panoramic photo of the Korea Rail Network Authority (right) and Korea Railroad Corporation (KORAIL, left) office buildings. Provided by Korea Rail Network Authority

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Korea Rail Network Authority announced on the 30th that it will hold a public briefing session for companies interested in bidding for track supplies at its headquarters in Daejeon.

The scale of track supplies procurement amounts to 73 billion KRW for four projects, including the Seohae Line (Hongseong~Songsan) double-track electrification construction project, and the Rail Network Authority plans to sequentially conduct bidding and purchasing for six supply items starting next month.

However, some items will be temporarily procured by separate bidding for each project section rather than ordering the entire quantity per project, in order to diversify suppliers.

For more detailed information about the public briefing session, please refer to the Rail Network Authority's website.

Kim Sang-gyun, Director of the Rail Network Authority, stated, “The Rail Network Authority will announce the track supplies procurement plan and bidding information for each item in advance to facilitate companies' bidding process,” adding, “Through this, we will strive to fulfill our social responsibility as a public institution by implementing the government's top national agenda of job creation and promoting fair competition.”

This content was produced with the assistance of AI translation services.