Bombardier Awarded $320 Million Contract for Fully Automated Rapid Transit System in South Korea

MONTREAL – The Yong-In LRT Consortium has been awarded a 35-year Build-Transfer-Operate (BTO) concession contract by the City of Yong-In, Republic of Korea, for a fully automated 11.5-mile rapid transit system.

The contract for the 5-year design-build portion of the concession contract is valued at approximately $600 million. Bombardier’s share of the design-build contract is approximately $200 million.

The Yong-In LRT Consortium comprises Bombardier and Korean civil works contractors Daelim Industrial Co., Ltd., Hanil Engineering and Construction Co., Ltd., and Korea Development Co., as well as Korean electrical & mechanical system contractors Hanjin Heavy Industries Co. and Iljin Electric Co.

The separate Operations and Maintenance (O&M) contract, awarded solely to Bombardier, carries a value of approximately $120 million for the first 10 years. Should all four 5-year options for operations and maintenance services be realized, the value of the O&M contract would increase by approximately $294 million.

The mostly elevated system will feature Bombardier’s driverless, Advanced Rapid Transit (ART) technology. Serving 15 stations over double-track guideway, the new line will link the Seoul subway, via Yong-In City, and will terminate in Everland, the region’s recreational and entertainment capital and the world’s fifth most popular theme park. Over 13 million tourists visit the City of Yong-In annually.

“Bombardier is very proud to be part of the City Government’s vision for the future of this historical City, which is rich in tradition and cultural heritage,” said Raymond T. Betler, President of Bombardier Transportation’s Total Transit Systems. “We are confident that our Advanced Rapid Transit technology will accelerate the dynamic development of the City of Yong-In, and will harmonize with the region’s pristine natural environment.”
In Yong-In, Bombardier will be responsible for the design and supply of 30 driverless ART vehicles, Bombardier* CITYFLO* 650 automatic train control technology, communications systems, project management, systems engineering and integration, testing and commissioning, as well as operations and maintenance services and training of Korean personnel. Bombardier will lead the integration of the scope of work with Daelim Industrial Co., Ltd., who will be the co-lead for the design-build portion of the contract.

The consortium of civil contractors will be responsible for the civil works, including the guideway and stations.