Bangladesh Railway Project

LS Industrial Systems (LSIS) has won a deal worth US$16.1 million from the Bangladesh-China joint venture, CTM JV, to install an electronic interlocking system for railways in Bangladesh.
LS Industrial Systems (LSIS) has won a deal worth US$16.1 million from the Bangladesh-China joint venture, CTM JV, to install an electronic interlocking system for railways in Bangladesh.

 

LS Industrial Systems Co. (LSIS), a South Korean electric power systems provider, announced on July 27 that it has won a deal worth US$16.1 million (18.9 billion won) from the Bangladesh-China joint venture, CTM JV, to install an electronic interlocking system for railways in Bangladesh.

The deal is a part of the project led by state-owned Bangladesh Railway (BR) and supported by the Asia Development Bank (ADB) with an aim to upgrade the outdated 72-kilometer long railway system of 12 stations connecting Akhaura and Laksam along the Bangladesh-India borderline. Under the turnkey contract, LSIS will supply its electronic interlocking systems, including signaling and telecommunication which are closely correlated with the safe operation, for Bangladesh's railroad tracks for four years.

Based on its long experience in the railroad signal control sector and technology expertise, LSIS has been providing its electronic interlocking systems to global markets, and has obtained the certificate for the Safety Integrity Level 4, the highest internationally recognized safety level.

The company pushed into the Bangladesh's railway signal market for the first time in 2004.

In December last year, LSIS won a railroad signaling system modernization contract worth 17 billion won (US$14.98 million) raised by the Economic Development Cooperation Fund (EDCF) for tracks crossing some 11 stations between Chinki and Chittagong. The company has won seven contracts in the country over the past 12 years.

The Bangladesh government plans to allocate US$30 billion (34 trillion won) on the nation's railroad system, including the construction of new 856-km long railways and 1,110-km long double tracks and the improvement of 725-km long railroads, as part of its seventh five-year economic development initiative. Accordingly, LSIS expects to continuously have more business opportunities in the railway sector in the future.

 

 

Copyright © BusinessKorea. Prohibited from unauthorized reproduction and redistribution