Korea Rail Network Authority Signals Positive Outlook for Entry into Poland High-Speed Rail Market
Scheduled to Participate in a 40 Billion KRW Poland High-Speed Rail Design Project
The Korea Rail Network Authority announced on the 23rd that the Authority-led consortium, which proposed 43 billion KRW, has been selected in the bid for the "Katowice?Ostrava High-Speed Railway Design Service" commissioned in Poland this February, and is about to sign the official contract.
Poland New Airport High-Speed Rail Design Route Map (Provided by Korea Rail Network Authority)
View original imageSince 2020, Poland has been promoting a high-speed railway construction project totaling 1,800 km connecting the new airport and major hub cities. The Katowice?Ostrava section (96 km), in which the Authority will participate in the design, is a European international railway line connecting Poland and the Czech Republic. This project is also the construction of the largest hub airport in Central and Eastern Europe, replacing Warsaw Chopin Airport.
In February last year, the Korea Rail Network Authority formed the K-Consortium with Dohwa Engineering in two fields: design and supervision of the Polish high-speed railway, passing the pre-qualification screening in competition with leading engineering firms from France, Sweden, and other countries. Since then, to promote Korean railways in Europe, where technical entry barriers are high, the Authority actively pursued orders, including holding the "Korea-Poland High-Speed Railway Technology Cooperation Forum" in Warsaw, Poland, in April last year.
This design service order is a valuable result achieved after three attempts based on the Korea Rail Network Authority’s abundant high-speed railway project management experience and Dohwa Engineering’s design capabilities. It is expected that more Korean companies will be able to enter railway projects in Poland and neighboring countries, where orders are anticipated in the future.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Kim Han-young, President of the Korea Rail Network Authority, said, "This achievement means that Korean technology has reached a level comparable to that of Europe’s advanced railway countries." He added, "As a public institution representing Korean railways, the Authority will continue to support our companies to lead overseas railway markets and take the lead in technology development."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.