Candidate for Suseo Station Complex Transfer Center Project Lead Selected as 'Hanwha Construction Consortium'

Perspective view of Suseo Station Complex Transfer Center. Provided by Korea Rail Network Authority

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Hanwha Construction Consortium has been selected as the candidate for the project operator of the Suseo Station Complex Transfer Center.

The Korea Rail Network Authority announced on the 25th that Hanwha Construction Consortium was selected as the candidate project operator to develop a complex transfer center on the railway site around Suseo Station.

The Hanwha Construction Consortium, consisting of Hanwha Construction Co., Ltd., Shinsegae Co., Ltd., and KT Estate Co., Ltd., submitted the project application alone last month.

Accordingly, the Rail Network Authority finalized Hanwha as the candidate project operator after evaluation by the Asset Development Committee composed of internal and external experts.

The Suseo Station Complex Transfer Center development project, with a total budget of 1.2 trillion KRW, will be promoted by constructing nine buildings including a transfer terminal, transfer parking lot, bus and taxi boarding and alighting areas, and facilities for sales, offices, and accommodation with 9 underground floors and 26 aboveground floors on a 102,208㎡ site around Suseo Station.

The Rail Network Authority plans to sign a project promotion agreement with Hanwha Construction Consortium and establish a Special Purpose Company (SPC) by the end of this year to actively proceed with the development project.

Kim Han-young, Director of the Rail Network Authority, said, “We will build the Suseo Station Complex Transfer Center as a future-oriented smart transfer system and a low-carbon green transfer center to serve as a model case for transfer centers,” and added, “The Rail Network Authority will continue to discover transfer center development projects to enhance the convenience of railway users and contribute to the revitalization of public transportation.”

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