KORAIL announced on August 16 that it will export the Rail Plus Transportation Card system to Karaganda, the fourth largest city of Kazakhstan, opening a new chapter in its overseas business history.
KORAIL will supply about 2.34 million Rail Plus cards to Karaganda City for 15 years from December of this year to 2033. The deal marks KORAIL's first export since it launched the Rail Plus Transportation Card in 2014.
In addition, KORAIL will perform the settlement of usage details and the calculation of charges in accordance with arrival and departure times and sections and provide technology for building a transportation card system among others.
The transportation card system to be built in Karaganda will include a nationwide transportation card (Rail Plus), payment terminals and chargers in 950 buses of 9 transportation companies, a transportation card use information aggregation system, and a bus operation information system.
It is expected that the introduction of the transportation card system will greatly ease traffic congestion involving the mass transit system of Karaganda City with a population of 400,000 because its downtown has high population density.
KORAIL plans to expand its business areas with small and mid-sized Korean companies with the aim of winning transportation card projects in major cities of Kazakhstan, including Aktobe and Pavlodar.