Ssangyong
Engineering & Construction (Ssangyong E&C) has secured the contract for
Section 9 of the Southern Inland Railway roadbed construction project from
Korea National Railway.
Section
9 will extend 24.6 kilometers from Goseong-eup in Goseong County to
Sadeung-myeon in Geoje, South Gyeongsang Province. The total contract value is
KRW 806.5 billion, with Ssangyong E&C holding a 45% stake, KCC Engineering
& Construction 15%, and eight other companies 5% each. Construction is
scheduled to take 60 months from commencement.
Announced
on September 29, this latest award follows similar successes in January, when
the company was contracted for Sections 5-2 and 8-2 of the same project, worth
KRW 232.2 billion and KRW 211 billion, respectively. With Section 9, the
company will handle three of the project’s 14 sections, underlining its
construction capability and bid competitiveness for major national railway
projects.
Notably,
the entire 24.6-kilometer Section 9 will run through tunnels, including a
2.9-kilometer stretch that will become Korea’s first subsea railway tunnel
employing shield TBM technology. As the most technically challenging part of
the Southern Inland Railway project, the section drew considerable interest in
the contractor selection process from the outset.
In
its bid, Ssangyong E&C drew on its track record in major railway and
complex tunnel projects, as well as its expertise in large-diameter tunnel
boring machine (TBM) construction. Its current work on Section 5 of the
Pyeongtaek-Osong quadruple-track expansion project, where it is using a
large-diameter TBM with an outer diameter of approximately 11 meters, was
particularly well received.
“This
contract is a recognition of the construction experience and knowhow we have
built up through our major railway and tunnel projects,” a company official
said. “Despite the technical complexity of the project, which includes Korea’s
first subsea railway shield-TBM tunnel, we can deliver it successfully by
drawing on our expertise in the field.”
Since
joining Global Sae-A Group at the end of 2022, Ssangyong E&C has expanded
its order intake across overseas projects and domestic housing, backed by the
group’s support. Its domestic civil engineering business has also gained
momentum this year, with wins for three sections of the Southern Inland Railway
and the Donghae New Port coal berth project, taking new orders 30% above 2025
levels.
Global SAE-A Group