Korea Rail Network Authority (KRNA) announced on March 17 that it was selected as the preferred bidder for a high-speed railway management project in Thailand.
The project was ordered by the Eastern Economic Corridor Office of Thailand (EECO), a government agency in charge of planning, budgeting, and implementing economic development projects in three provinces southeast of Bangkok, Thailand.
KRNA has formed a global consortium with 13 companies including Thailand's Team Group to win the project, which will cost 156 billion won.
KRNA will manage a high-speed railway that is being built to link Don Mueang International Airport, Suvarnabhumi Airport and U-Tapao International Airport. It is scheduled to open in 2023. The total cost of the public-private partnership project is about eight trillion won.
In the future, KNRA plans to put a total of 13 high-speed rail experts in the project from the design stage, mainly in the field of railway systems such as high-speed trains and railroad signals.