Dongbu Construction Wins Contract for Section 2 of Wolgot~Pangyo Double-Track Railway Project

A Total of 281.9 Billion KRW... Tunnel and Railway Network Construction Project
Responsible for 2 out of 10 Sections, Demonstrating Competitiveness in the Railway Sector

Dongbu Construction announced on the 11th that it has been selected as the successful bidder for the 'Wolgok~Pangyo Double-Track Railway Section 2 Subgrade Construction and Other Works' project, worth approximately 281.9 billion KRW, commissioned by the Korea Rail Network Authority.

Exterior view of Dongbu Construction headquarters.
Photo by Dongbu Construction

This project involves constructing a 3,582-meter-long tunnel and one station from Wolgot-dong, Siheung-si, Gyeonggi-do to Janghyeon-dong area. The construction period is 60 months from the start date, and Dongbu Construction is the lead contractor with a 70% stake.

The subgrade facility construction for Wolgot~Pangyo, a large-scale project with a total budget reaching 1.6 trillion KRW, attracted high interest from the bidding stage. About 30 domestic construction companies fiercely competed for the contract.

As a result, Dongbu Construction, having won the turnkey contract for Section 1 in 2019, has now secured Section 2 as well, becoming responsible for construction in two of the total ten sections.

Dongbu Construction also participated as a consortium member and won contracts this year for the metropolitan area express railway private investment project (GTX-B) and the Daejang~Hongdae metropolitan railway private investment project.

Through this project, Dongbu Construction explained that by expanding the railway network in the southwestern metropolitan area, it will broaden the high-speed rail beneficiary areas and improve citizens' mobility convenience through east-west mainline railway connections with the Suin Line, Sosa~Wonsi Line, Sinanshin Line, and Gyeonggang Line.

A Dongbu Construction official stated, “Despite the challenging environment due to the construction market downturn, we have continued steady contract achievements through meticulous project review,” adding, “We will continuously strengthen our market influence by leveraging a diverse portfolio and strengths in the public construction sector.”

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