Korea Rail Network Authority Accelerates Early Execution of New Station Construction Project Worth 250 Billion KRW

A panoramic photo of the Korea Rail Network Authority building (right) and Korea Railroad Corporation building (left) located in Dong-gu, Daejeon. Provided by Korea Rail Network Authority.

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Korea Rail Network Authority is accelerating the early execution of project funds by issuing orders for new station construction projects worth 250 billion KRW.

The Rail Network Authority announced on the 5th that it will issue new projects to build 24 railway stations on three lines: Pohang~Samcheok, Boseong~Imseong-ri, and the West Sea Line (Hongseong~Songsan).

The details of the construction orders and project costs are divided as follows: 13 stations on the East Coast axis 'Pohang~Samcheok' line with 107 billion KRW; 6 stations on the South Coast axis 'Imseong-ri~Boseong' line with 43 billion KRW; and 5 stations on the West Coast axis West Sea Line 'Hongseong~Songsan' line with 100 billion KRW.

In particular, the Rail Network Authority plans to strengthen win-win cooperation with small and medium-sized enterprises by applying the 'Simplified Comprehensive Evaluation Bidding System' in the new project orders, which selects the successful bidder through a comprehensive evaluation of technical skills and price, thereby preventing low-price bids and securing appropriate construction costs.

Kim Sang-gyun, Director of the Rail Network Authority, said, “We will enhance passenger services and contribute to regional cultural development by establishing premium railway stations that reflect the opinions and characteristics of local residents. In particular, through early execution of project funds, the Rail Network Authority will also play a role in revitalizing the local economy, which has been depressed due to COVID-19, and increasing jobs.”

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