Korea Rail Network Authority Takes 'First Step' into Thailand High-Speed Rail Market... Accelerating New Southern Policy Projects
A view of the Korea Rail Network Authority building (right) and Korea Railroad Corporation building (left) located in Daejeon. Provided by Korea Rail Network Authority
View original image[Asia Economy Reporter Jeong Il-woong] Korea Rail Network Authority is taking its first step into the high-speed rail market in Thailand.
The Rail Network Authority announced on the 17th that it has been awarded the contract for project management of the high-speed rail connecting three airports, commissioned by the Eastern Economic Corridor Office (EECO) of Thailand.
The project involves the construction of a high-speed rail line connecting three airports: Don Mueang and Suvarnabhumi, which are currently operational, and the newly planned U-Tapao Airport, covering a total distance of 191 km, with a total investment of 8 trillion KRW.
Of this, the total budget for the airport connection high-speed rail project management service awarded to the Rail Network Authority is 156 billion KRW.
Previously, the Rail Network Authority formed a global consortium with 13 companies, including the local Thai engineering firm Team Group, and submitted an optimized high-speed rail construction project proposal based on its domestic high-speed rail project management experience.
After four months of technical and price negotiations, the project was finally awarded.
The Rail Network Authority plans to deploy 13 experts mainly in the fields of high-speed rail vehicles and signaling systems from the design stage onward.
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Kim Sang-gyun, Director of the Rail Network Authority, said, “Based on the high-speed rail construction technology and know-how accumulated by the Rail Network Authority, we have entered the high-speed rail business in Thailand following India. The Rail Network Authority will continue to focus its capabilities on spreading Korea’s excellent rail construction project management skills to overseas rail markets and supporting domestic companies’ overseas expansion, thereby enabling the government’s New Southern Policy to achieve tangible results.”
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