Korea National Railway (KR) has announced that it has signed a contract with a Costa Rica rail authority to conduct a feasibility study on a plan to restore the 98.3km rail track between Puntarenas and San Jose.
KR signed the contract with Incofer, which is an independent state-owned institution in Costa Rica that operates all freight and passenger services, as well as owns the national railway infrastructure, reported Business Korea.
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KR will validate the feasibility of the project, along with other Korean companies Soosung Engineering and Consulting and Dongil Engineering.
In 2019, KR implemented a railway management consulting project for Costa Rica, awarded by The Inter-American Development Bank.
Since last year, KR has been working to secure passenger railway projects in the Greater Metropolitan Area.
It has also formed a consortium with Korean firms to secure orders.
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By GlobalDataThe San Jose area passenger railway project is aiming to reduce traffic congestions in the Greater Metropolitan Area through five electrified dual-track rail lines with a total length of 84.9km.
The value of the project is estimated to be around $1.6bn.
Last September, KR secured the Halkali-Gebze High-Speed Railway Project in Turkey.
The company signed an MoU with Turkish construction firms YAPI and LIMAK, forming a consortium for the express railway project.
KR also discussed business cooperation with Turkish State Railways and the Republic of Turkey Investment Office.
