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Major South Korean state-run railway firms signed an agreement to help Ukrainian state-owned rail operator Ukrainian Railways build an express railway to neighboring Poland, Korean news agency Yonhap reported.
The companies, state-run railway operator Korea Railroad Corp (Korail) and the Korea National Railway (KNR), also agreed to help boost the capacity of rail connections between the southern Ukrainian cities of Odesa, Izmail and Reni, and build a railway traffic control center in Ukraine, the news agency said, citing the Korean transport ministry.
Under the agreements, signed during a three day visit by officials from South Korea's Ministry of Land, Infrastructure and Transport this, week, KNY will carry out the preliminary feasability study and Korail will operate the express railroad and maintain the trains.
At the same time, South Korean train manufacturer Hyundai-Rotem, signed an agreement to manufacture and maintain rail cars and build a maintenance facility for the Ukrainian company.
Numerous South Korean companies have agreed to take part in the reconstruction of Ukraine in recent months in areas including nuclear energy, dam restoration, solar technology, oil refining, lithium mining, “green” metallurgy, water resource management and more.
South Korean firms that have signed reconstruction agreements in the last few months include Hanwha Solutions, Yooshin, Posco, Korea Land and Housing, Korea Water Resources, Samsung C&T, Hyundai Engineering & Construction, HD Hyundai, Naver, KT, CJ Korea Express and others.
Notable projects signed include the development of a smart transportation master plan for Kyiv and area and a smart city plan for the city of Uman, rebuilding the exploded Kakhovka dam in the south and the sewage treatment infrastructure in the Kyiv suburb of Buch, and upgrading Kyiv’s Boryspil International Airport.
