This image provided by the Ministry of Land, Infrastructure and Transport shows a high-speed train to be supplied to Uzbekistan. Hyundai Rotem Co. signed a contract to supply high-speed trains to Uzbekistan in a deal worth 270 billion won (US$195.7 million) during a ceremony in Tashkent on June 14, 2024, during President Yoon Suk Yeol’s state visit to the country. (Yonhap)
ASHKENT, June 14 (Korea Bizwire) – South Korean train manufacturer Hyundai Rotem Co. signed a contract to supply high-speed trains to Uzbekistan on Friday during President Yoon Suk Yeol’s state visit to the Central Asian nation, marking the first export of bullet trains built with homegrown technology.
The agreement was signed at a ceremony attended by Yoon and Uzbek President Shavkat Mirziyoyev following their summit at the presidential palace in Tashkent. It marks South Korea’s first export of high-speed trains to a foreign country.
Under the deal worth 270 billion won (US$195.7 million), Hyundai Rotem will supply six high-speed trains, totaling 42 cars, to Uzbekistan Railways Corp., along with maintenance and repair services.
It marks the first export of high-speed trains developed using Korean technology in two decades since the introduction of the KTX train with French assistance in 2004.
“The deal marks South Korea’s first export of high-speed trains developed with homegrown technology,” Yoon said during a signing ceremony. “It is expected to contribute to the improvement of Uzbekistan’s railway infrastructure and help enhance the bilateral cooperation in the railway sector.”
The deal also raised hope for South Korean companies bidding in the transportation sector, including a highway project connecting the capital city of Tashkent to Andijan in Uzbekistan’s eastern region. The Uzbek government plans to open the bid for the deal, estimated at $5.3 billion, later this year.
(Yonhap)
