Railway Corporation Issues New Orders Worth 280 Billion KRW for Double-Track Railway Project Track Sector

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Korea Rail Network Authority announced on the 16th that it will newly order projects worth 280 billion KRW in 46 railway sectors, including the double-track electrification projects of the Seohae Line and Janghang Line.

The newly ordered projects will be bid through the 'Comprehensive Evaluation Bidding System,' which selects the successful bidder by comprehensively evaluating technology and price, aiming to induce technological competition among companies and secure appropriate construction costs, thereby strengthening win-win cooperation with partner companies.

In addition, the Rail Network Authority explained that the projects will be divided and ordered by sections to provide more opportunities for small and medium-sized enterprises to participate in the bidding.

Kim Sang-gyun, Director of the Rail Network Authority, said, “We will focus the institution's capabilities on revitalizing the regional economy and creating jobs through rapid project expenditure in the first half of the year,” adding, “We will also do our best to ensure that the public can use railway services safely and comfortably.”

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