LS Electric wins 266.8 billion KRW Taiwan Urban Railway Power System Project... "Expecting Investment Expansion"

"Expectations for Expanded Southeast Asia Railway Infrastructure Investment... Accelerating Local Market Penetration"

Overview of the Kaohsiung City Metro Yellow Line in Taiwan. LS Electric has been selected as the turnkey contractor for the power system project worth 266.8 billion KRW and plans to install equipment on this railway line. (Photo by LS Electric)

[Asia Economy Reporter Moon Chaeseok] LS ELECTRIC announced on the 18th that it has successfully secured a contract worth approximately 266.8 billion KRW for the power system project of the Taiwan urban railway.

LS ELECTRIC stated that it was selected as the turnkey contractor for the Kaohsiung Metro Yellow Line urban railway power system project, commissioned by the Kaohsiung City Mass Rapid Transit Bureau (KMRTB). The company signed a turnkey supply contract with STEE (ST Engineering Electronics Limited), which oversees the E&M (railway system) business for the project.

Kaohsiung, home to about 2.8 million people, is a representative port city in southwestern Taiwan. It is actively promoting large-scale urban railway construction projects. The Yellow Line, scheduled for completion in the first quarter of 2034, will have a total length of 22.9 km with 23 stations. It is a key line connecting the city in a Y-shaped branch format.

LS ELECTRIC conveyed the good news that this is their second successful contract following their selection as the power system supplier for the northern extension section of the Kaohsiung Metro Red Line last year. Based on this contract achievement, the company plans to accelerate its local market penetration by expanding into the railway operation system market as well.

Taiwan is expanding infrastructure investments such as new urban railway construction and modernization projects for aging railway networks, and the market size is expected to grow significantly. In particular, with economic growth, the criteria for selecting contractors are shifting towards quality, making it a 'high-end (high value-added) market' that attracts the world's top companies.

An LS ELECTRIC official explained, "The Taiwan railway market has been dominated by European and Japanese operators, making entry barriers high. However, the achievements and trust LS ELECTRIC has gained from successfully executing global urban railway projects such as the Seoul Sillim Line unmanned train control system?the first domestically developed technology in Korea?along with the Kaohsiung Red Line extension and the Egypt monorail power system project, served as the greatest driving force for this contract win." He added, "We plan to actively target the Southeast Asian market, where railway infrastructure expansion is vigorous, by supplying top-level systems."

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