LS Electric Wins Contract for Eastern Thailand Railway Signaling System Project

LS Electric's Local Railway Signal Business Order Status in Thailand

[Asia Economy Reporter Ki-min Lee] LS Electric announced on the 22nd that it has been selected as the contractor for the ‘Thailand Eastern Line Railway Signaling Project’ ordered by the State Railway of Thailand.

LS Electric participated in this project in a consortium with ITD, taking charge of the design, manufacturing, and installation of the railway signaling and communication system, securing about 13 billion KRW out of the total project cost of approximately 25 billion KRW. This project is part of Thailand’s railway infrastructure development, aimed at regional development and expanding freight and passenger transport capacity by completely replacing the outdated signaling systems of 14 stations along the 169 km Yothaka-Khlong Leuk section.

Previously, LS Electric entered the local market by winning the first phase (ST1) of the Thailand Railway Modernization Project in 2001. It subsequently completed the fourth phase (ST4) in 2007 and the fifth phase (ST5) in 2015, and last December secured the ninth phase (ST9) Northeastern Line project, which is currently underway. With the selection as the contractor for the Eastern Line project, the cumulative local project orders amount to approximately 134 billion KRW.

LS Electric plans to intensify its local market penetration as the railway and subway infrastructure improvement projects in ASEAN countries including Thailand are expected to show rapid growth. Thailand has a land area 2.3 times that of the Korean Peninsula and operates a total railway length of 2,771 km connecting the north-south and northeastern regions. Additionally, it is promoting railway development projects centered on establishing a Southeast Asian logistics hub and smart cities. In particular, to alleviate traffic congestion in Bangkok, the construction of nine urban railway lines is planned by 2029.

An LS Electric official stated, “The Thailand railway market had been monopolized by European companies, making entry barriers high, but our trust earned through successfully completing multiple projects over the past 20 years and our world-class technology have been recognized.” He added, “As ASEAN countries’ economic growth drives active expansion of railway infrastructure, we plan to aggressively target this market.”

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