Korean team signs agreement to rebuild Ukraine’s railways
29 November 2023![Korean team signs agreement to rebuild Ukraine’s railways](https://static.goalfore.cn/uploads/third/20231129/1611/K4hMxDtjpo37nHk0WfYJOTvCFi2GNeay.jpg)
Two Korean companies have signed a memorandum of understanding with Ukraine’s rail operator to aid the rebuilding of railways in the war torn country.
According to The Korea Times, Korea’s state railway and railroad corporation agreed to aid the building of seven projects, including a route connecting Ukraine and Poland, an expansion of the railways through the centres of Izmail, Odesa and Reni, and the building of a rail traffic control centre.
Korea National Railway will work on feasibility studies and Korea Railroad Corporation will focus on operation and maintenance. Hyundai Rotem will build the trains and a maintenance facility.
There is currently no timeframe for the construction, and no financial details have been disclosed.
Korean state agencies and Hyundai recently signed deals to modernise Ukraine’s Boryspil Airport.
Related
-
Albawani, Urbacon Saudi JV awarded $2.1 billion Contract from Diriyah Co.
26 July 2024
-
ADNOC signs strategic collaboration agreements with CNOOC, CNPC
26 July 2024
-
Dubai begins $22bn tunnels developer prequalification
26 July 2024
-
EWEC issues RFP for 2.5GW Taweelah C IPP Project
26 July 2024
-
Diriyah awards multibillion construction contract
25 July 2024
-
Netherlands: TotalEnergies acquires a stake in the OranjeWind offshore wind farm in view of supplying green hydrogen to its European refineries and lowering their emissions
25 July 2024