[Announcement+] Estrafic Wins World's First ITS Construction Project in Underground Road

[Asia Economy Reporter Eunmo Koo] Estrafic announced on the 7th that it has won the contract for the ITS (Intelligent Transport System) construction project for the Seobu Urban Expressway Underground Road. The contract amount is 8.9 billion KRW, which corresponds to 11.17% of last year's sales. The project will commence in the second half of the year and is scheduled to be completed by August 31 next year.

This project is the world's first case of constructing an ITS inside an underground road. It will involve installing multi-lane Hi-Pass and toll collection system equipment, along with radio wave absorption facilities designed for the underground tunnel environment.

The company explained that this contract is significant as it follows the Jemulpo Tunnel project won in March and represents a next-generation road project with high technical difficulty. Unlike previous projects where toll collection systems were installed at tunnel entrances, the Seobu Urban Expressway Underground Road requires installation inside the underground road, making it essential to solve issues related to radio interference and communication distance limitations within the tunnel. To address this, the company has made proactive investments, including building a testbed in an identical environment, securing core technologies.

An Estrafic official stated, “Estrafic was able to win this Seobu Urban Expressway Underground Road project due to the highly evaluated ITS-specialized technology and execution capabilities demonstrated in numerous past road projects.” He added, “We expect that additional planned deep underground and underground road projects such as the Dongbu Urban Expressway Underground Road, Mandeok-Centum Urban Expressway, Seongnam-Gangnam Private Expressway, and Gyeongbu Expressway Underground Road will gain momentum in securing contracts.”

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