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Concession Agreement with private investors
Start of construction next year 2024 Completion
"Station Wangsimri ~ Station Sanggye 25 minutes "
The Seoul City Government and the economic operator, Dongbu Line, Lyeongdong Railway Co., Ltd., entered into a concession agreement on May 5 at the hotel conference hall of Seoul city. .
The city is a special purpose company (SPC) established by a joint investment of Hyundai Engineering Co., Ltd., Hyundai Rotem, Doosan E & C, Kumho Industrial Co., the agreement was concluded two years and six months after the conclusion of negotiations with the economic operator, LBTEC. Following the conclusion of the concession contract, the city plans to carry out various construction procedures at the same time as it begins designing the year.
The Northeast Urban Railway is promoted as "BTO (Build Transfer Operate)", which is built and operated by the private sector and generates profits using the royalty.
] The total cost of the project will be 989.5 billion won (January 2007), while the Northeast Railway Light Rail will pay 50.1 percent, while the remaining 49.9 percent will be financed with 38 percent and 11 percent. , 9%.
It is expected that the travel time between Nowon-gu Chonggye-dong Bank and Wangsimni Station will be reduced from 46 minutes to 22 minutes.
You can also take subway line 1 (Jagi Dong station), line 4 (Sanggye station, Mia Sagari station), line 6 (lines 4 and 5) (7 stations) with 7 lines (Gyeongbu Line) , 7 lines (Gyeongwon Line), 2 and 5 lines, Gyeongui, Chungcheon and Bundang Line (Wangsimri Station)
Mayor Park Won said: "By entering into a concession agreement with the project developer, we made the first step to promote the project of private investment in North-East Korea, resident of north-east China of North-East. Access to urban railways in the Northeast region should be improved and traffic congestion reduced, which will greatly contribute to regional economic development and regional development.
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