Korea Railroad Wins Consulting Project for Modernization of Egypt Railway System

Korea Railroad Corporation (KORAIL) will undertake the local 'Railway System Modernization Consulting Project' in Egypt.

KORAIL announced on the 21st that it has won the contract for the 'Railway Signal System Modernization Consulting Project' commissioned by the Egyptian National Railways.

Provided by Korea Railroad Corporation

The modernization of the railway signal system is funded and carried out by the World Bank, which provides financial support to countries requiring infrastructure such as railways.

KORAIL, forming a consortium with multinational companies, will participate in the railway development project for the Cairo to Beni Suef section (125 km) in Egypt, providing consulting services for facility advancement from design review to test operation.

The project budget is approximately 11.5 billion KRW. The consulting project will involve railway engineering companies from consortium countries including Korea, Germany, Turkey, and Egypt.

Since the early bidding stage at the end of 2021, 19 railway-related companies from advanced railway countries such as the United States, Germany, and France competed fiercely.

In this process, KORAIL passed the first qualification screening through a technical cooperation strategy by forming a consortium with multinational overseas engineering firms, and subsequently ranked first in the comprehensive evaluation including technical and price assessments, securing the final contract.

Han Moon-hee, President of KORAIL, said, “Winning this consulting project is the result of the overseas projects and accumulated technological capabilities that KORAIL has carried out so far,” adding, “We plan to actively pioneer the overseas railway market using the consulting project in Egypt as a stepping stone.”

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