Graphic = Reporter Park Kyung-min [email protected]
– Interest is focused on who will be the privately invested business operator of the metropolitan metropolitan express train (GTX)-C route between Suwon and Deokjeong (Yangju), whose project cost exceeds 4 trillion won. In the railroad industry, there are observations that GS E&C, Hyundai E&C, Shinhan Bank, and NH Nonghyup Bank will each form a consortium to challenge themselves.
Ministry of Land, Infrastructure and Transport announced the basic business plan at the end of last year
Suwon ~ Deokjeong 10 stations, private operation 40 years
GS E&C, POSCO E&C, Shinhan, etc.
Corona blame business selection may be delayed
– According to the railway industry on the 10th, the Ministry of Land, Transport and Maritime Affairs announced at the end of last year,’Designation of a project for private investment for the metropolitan area express railroad C route and a basic plan for facility business (RFP)’. This is a content that introduces the basic plan of the GTX-C project and discloses the requirements of a private enterprise.
According to this, the GTX-C route is 78.4km between Suwon and Deokjeong, and the new route is 37.7km, and the remaining 37.1km will utilize existing lines such as Gyeongbu Line and National Railways (Gwacheon Line, Gyeongwon Line).
There are 10 stations including Suwon Station, Geumjeong Station, and Deokjeong Station. Among them, four stations, including Samseong Station, Cheongnyangni Station, Changdong Station, and Uijeongbu Station, are also planning to prepare for high-speed train operation in the future. Expression speed (average driving speed including stopping time) is 80 km/h. The project cost was tentatively decided at 4.38 trillion won.
![Aerial view of the GTX train. [사진 국토교통부]](https://i0.wp.com/pds.joins.com/news/component/htmlphoto_mmdata/202101/10/1a8af7d3-685e-4951-a390-a714de104627.jpg?w=900&ssl=1)
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Aerial view of the GTX train. [사진 국토교통부]
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The construction period is 5 years (60 months) from the date of commencement of construction, and the goal is to open in the end of 2026. As for the business method, the profitable private investment method (BTO, Build-Transfer-Operation) is applied. Rather than transferring ownership of the railroad to the state by completing the railroad, a private business operator recovers the investment by operating the railroad for a certain period of time. The private operation period of GTX-C is 40 years.
Four to five consortiums are discussed in the industry. An engineering company official said, “The consortium is likely to be divided into a construction investor (CI (Construction Investor), which is the main focus of a construction company) and a financial investor (FI (Financial Investor), mainly financial institutions).
As for CI, GS E&C and Hyundai E&C are on the rise. On the other hand, Shinhan Bank and NH Nonghyup Bank are being named as FIs, and construction companies that will participate in the consortium are POSCO E&C, SK E&C, and Samsung C&T. Also, major engineering companies are preparing to participate in the consortium.
Earlier in 2018, CI and FI shared one by one at the two large-scale private railway project contests. The GTX-A project was won by FI, led by Shinhan Bank, and the Shinansan Line was undertaken by CI, led by POSCO E&C.
![GTX-A, which was won by the Shinhan Bank consortium, is in full swing. [중앙일보]](https://i0.wp.com/pds.joins.com/news/component/htmlphoto_mmdata/202101/10/5d5392bb-f41d-4afe-b183-2867489fe322.jpg?w=900&ssl=1)
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GTX-A, which was won by the Shinhan Bank consortium, is in full swing. [중앙일보]
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An official in the railroad industry who requested anonymity said, “I know that each company is analyzing the business feasibility by reflecting various requirements such as demand forecasts and rates internally,” said “This month, the deadline for companies to submit inquiries about RFP After 22 days, the outline will become clearer.”
The Ministry of Land, Infrastructure and Transport has requested that, if there are any inquiries regarding the basic facility project plan and the standards for preparing the project application, the inquiry form must be submitted in writing by the 22nd of this month. The answer will be posted on the homepage of the Ministry of Land, Infrastructure and Transport in two weeks. It is explained that sending a questionnaire usually means that there is a high possibility of participating in the project.
Initially, the Ministry of Land, Infrastructure and Transport planned to complete the public offering for private enterprises by April, and select a preferred negotiator around May after screening. However, due to the spread of the new coronavirus infection, the distancing stage was raised, and the preparation of the companies was expected to be disrupted, so the proposal deadline was extended. For this reason, there is a possibility that the selection of preferred negotiators may be delayed somewhat.
Reporter Kang Gap-saeng [email protected]
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