Hanyang Wins Contract for Section 7 of Indeogwon~Dongtan Double-Track Railway Project

Hanyang announced on the 18th that it has been selected as the successful bidder for the 'Indeokwon~Dongtan Double-Track Railway Section 7 Subgrade Construction and Other Works.'

Indeogwon~Dongtan Double-Track Railway Section 7 Layout / Image provided by Hanyang

This project, commissioned by the Korea Rail Network Authority, is a large-scale double-track railway project spanning 34.3 km from Indeokwon in Anyang-si, Gyeonggi-do to Dongtan New Town in Hwaseong-si, consisting of 12 sections with a total project cost of 2.6246 trillion KRW. Except for Sections 1 and 9, which are carried out under a turnkey method, the other 10 sections are being executed under a design-bid-build method.

Hanyang holds a 70% stake and formed a consortium with Hoban Industries (10%), Halla Industries (10%), and Daejin General (10%) to secure the construction rights for Section 7, valued at 319.2 billion KRW. Section 7 is the third largest among the 12 sections, involving the construction of a tunnel approximately 3,399 meters long and two stations, spanning from Wumandong in Paldal-gu, Suwon-si to Woncheon-dong in Yeongtong-gu. The construction period is 60 months from the start date.

In addition to its housing projects, Hanyang has secured orders this year for the Shinbundang Line Gwanggyo~Homaesil double-track railway Section 3 construction, the Busan New Port Grain Wharf private investment project, and the Gwangyang Port Nakpo Wharf reconstruction project. The order backlog ratio exceeds 470%. Based on this, the company is expanding its business portfolio into eco-friendly energy sectors such as liquefied natural gas (LNG), hydrogen, and renewable energy.

A Hanyang representative stated, "We have continuously succeeded in securing orders in various social overhead capital (SOC) sectors such as tunnels and ports, maintaining the industry's highest order backlog ratio. Moving forward, we will strengthen our competitiveness in the public sector to secure a stable order base and focus our capabilities on fostering new businesses such as eco-friendly energy projects to lay the foundation for sustainable growth."

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