Korea Rail Network Authority Announces New Orders Worth 2.1 Trillion Won in Railway System Sector

New Projects Worth 2.1718 Trillion Won to be Ordered This Year
First Half Orders and Rapid Execution to Contribute to Economic Revitalization

The Korea Rail Network Authority announced on the 13th that it will invest 2.1718 trillion KRW in issuing a total of 422 new projects this year in the railway system sectors including electrical, signaling, communications, track, and rolling stock.

In the railway system construction sector, 785.1 billion KRW will be invested in 88 projects such as the Suwon-origin and Incheon-origin KTX direct connection projects, the Chungcheong area metropolitan railway project, and improvement projects for existing lines including the Gyeongbu Line and Gyeongin Line.

Additionally, in the service sector, 371.6 billion KRW will be invested in 189 projects including design services for double-track electrification between Gwangju Songjeong and Suncheon, Indeokwon and Dongtan, Wolgot and Pangyo, Yeoju and Wonju, as well as precision diagnosis and performance evaluation services in the electrical and communications fields.

Besides these, the Rail Network Authority plans to invest 1.0151 trillion KRW in 145 new procurement orders for materials such as substation equipment, track switch machines, train control systems, and optical transmission equipment.

Previously, the Rail Network Authority contributed to economic revitalization and job creation by issuing 264 projects in the railway system sector last year, including the Janghang Line double-track electrification project, with an investment of 1.1711 trillion KRW.

Kim Han-young, Director of the Rail Network Authority, stated, “To realize a vibrant livelihood economy, we will actively promote project issuance in the first half of the year and ensure that project funds are properly executed to contribute to economic revitalization.”

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