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Home Hot Topic Ukrainian railway reconstruction contract signed by Korean team

Ukrainian railway reconstruction contract signed by Korean team

by Celia

Two Korean companies have signed a memorandum of understanding with Ukraine’s railway operator to help rebuild the war-torn country’s railways.

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According to The Korea Times, Korea National Railway and Korea Railroad Corporation have agreed to assist in the construction of seven projects, including a line connecting Ukraine and Poland, the extension of railways through the centres of Izmail, Odesa and Reni, and the construction of a rail traffic control centre.

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Korea National Railway will work on feasibility studies and Korea Railroad Corporation will focus on operations and maintenance. Hyundai Rotem will build the trains and a maintenance facility.

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There is currently no timeframe for construction and no financial details have been disclosed.

Korean government agencies and Hyundai recently signed agreements to upgrade Ukraine’s Boryspil airport.

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