Even GTX-B Private Section Fails to Attract Bids... Ministry of Land, Infrastructure and Transport Assures "Opening on Schedule in 2024"

GTX Line A Section 6 Construction Site

The Metropolitan Area Express Train (GTX)-B line project has failed in the private sector section following the failure in the public sector section.

On the 1st, the Ministry of Land, Infrastructure and Transport announced, "As a result of receiving business applications for the GTX-B private sector section, it failed due to a single bid from the Daewoo consortium, and we will promptly proceed with the follow-up procedures for selecting a business operator."

The establishment of GTX-B is one of President Yoon Seok-yeol's transportation pledges. The project involves creating a new line that runs east-west across the metropolitan area from Incheon Incheon National University Station to Gyeonggi Namyangju Maseok, allowing transfers at major stations such as Seoul Station and Cheongnyangni Station.

Of the total 82.7 km line, 62.8 km is the private sector section, and the remaining Seoul Yongsan to Sangbong section is a public sector project. Previously, the bidding for selecting a public sector project operator failed three consecutive times due to insufficient participating companies.

Concerns are emerging that the opening may be delayed as the private sector project section also failed.

The Ministry of Land, Infrastructure and Transport stated, "As specified in the Request for Proposal (RFP) for the private investment facility project, we will re-bid once. Considering past cases and timely opening, the re-bidding will be conducted for 45 days, and a preferred negotiation partner will be selected by January next year."

The Ministry added, "After selecting the preferred negotiation partner, we will proceed with active negotiations to ensure that construction starts smoothly in 2024."

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