Korail Wins Locomotive Maintenance Technology Transfer Project in Bangladesh
4.8 Billion KRW ODA-Linked Project
Joint Overseas Expansion with Domestic SMEs
Korea Railroad Corporation (KORAIL) announced on the 4th that it has won a 4.8 billion KRW public development assistance (ODA) linked project called the Bangladesh "Locomotive Maintenance Technology Transfer Project."
This project primarily involves transferring maintenance technology related to Korean-made diesel locomotives operating between Dhaka and Chittagong in Bangladesh.
KORAIL will form a consortium with domestic small and medium-sized enterprises (SMEs) specializing in railway vehicle maintenance and, over three years until 2026, transfer locomotive maintenance technology to the Bangladesh Railway and provide consulting services.
The main components include △ advisory on vehicle organization and personnel management △ provision of locomotive maintenance equipment such as bogie washing facilities △ systematization of maintenance standards △ training for maintenance experts.
It is expected to contribute to the overseas market development and export increase of domestic SMEs through joint overseas expansion with specialized railway vehicle equipment companies.
This project is a follow-up ODA project following KORAIL’s consulting advisory on locomotive procurement for Bangladesh based on the Economic Development Cooperation Fund (EDCF).
Meanwhile, KORAIL is collaborating with Bangladesh Railway to support technology enhancement and is also focusing on securing orders for upcoming projects such as the "Passenger Car Maintenance Advancement Project" and the "Railway Vehicle Maintenance Depot Improvement Project."
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Han Moon-hee, President of KORAIL, stated, "We will devote our efforts to overseas expansion and securing future growth engines based on the railway vehicle maintenance technology and know-how we have accumulated so far," adding, "As the elder brother of the railway industry, we will also take the lead in supporting the co-growth of SMEs."
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