Korea National Railway (KR) held a test drive for high-speed railways and a promotion event for Korean railways on the train for the Central American Bank of Economic Integration (CABEI) delegation visiting Korea on July 6.
CABEI is a multilateral development bank established in 1960 by five Central American countries to support public and private investment that contributes to balanced regional development and economic integration, and currently has 15-member countries.
Of these countries, South Korea has a total investment of $630 million, ranking seventh in the CABEI voting rights.
At the event, 46 key figures, including CABEI President Dante Mossi and directors of member countries, experienced Korean high-speed railway technology by test-driving KTX from Ulsan (Tongdosa Temple) Station to Seoul Station.
In addition, participants were introduced to Korea Railroad's development history, including overseas cooperation activities, railway vehicles, and urban railway systems from the KR, Korea Railroad Corporation, Hyundai Rotem, and Seoul Transportation Corporation.
Kim Han-young, chairman of the KR, said, "Now Korean railroad has the world's recognized technology level. We expect the event to further increase the possibility of entering the Central American market by expanding human networks with Central American economic and financial figures and strengthening cooperation systems."
Korea National Railway has successfully formed a consortium with Suseong Engineering, Dongmyeong Engineering and Peace Engineering to support the development of El Salvador's Pacific Railroad, which was ordered by the CABEI.
In addition, it has recently participated in bidding with Dohwa Engineering for preliminary feasibility study services for the Dominican Republic railway project.