Estrack, 67.8 Billion KRW Metropolitan Area High-Speed Rail Train Control System Purchase Contract
[Asia Economy Reporter Kwangho Lee] Estrafic announced on the 19th that it has signed a 67.8 billion KRW contract with the Korea Rail Network Authority for the purchase of a metropolitan area high-speed rail train control system. This amount corresponds to 49.35% of its recent sales revenue. The contract period ends on June 30, 2024.
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The company stated, "This contract is a modification of the initial contract signed in 2014 before our listing on KOSDAQ," adding, "The contract price before modification was 53.869 billion KRW, and the contract period ended on December 31, 2023."
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