- New construction of Woonjung and Geumreung Train Stations of the Gyeongeui Line located in Paju City, Gyeonggi-do, ordered by the Korea Rail Network Authority - Total contract size of 16 Billion Korean won with target completion date of June, 2010 - Expansion of performances in winning orders in order to participate as lead manager of government funded construction projects
AMCO is aggressively expanding the business domain into private sector and public sector funded construction projects by recently winning orders for government funded construction project ordered by the Korea Rain Network Authority.
AMCO (representative director: Kim, Chang Hee; www.amco.co.kr), which is a subsidiary construction company of Hyundai Motor Group of Companies announced that the company has recently won the order for new construction of 2 train stations at Woonjung and Geumreung of the Gyeongeui Line located in Paju City, Gyeonggi-do from the Korea Rail Network Authority, jointly with Invon E&C Co., Ltd.
Construction cost for the Woonjung and Geumreung Train Stations is 16 Billion Korean won, and will be commenced in July this year with completion scheduled for June 2010.
Woonjung Station in Gyoha-eup, Paju City is a 3-above-ground-story building with total floor area of 3,796㎡ (1,149 Pyeong) and Geumreung Station in Geumchon-dong is a 2-above-ground-story and 1-underground-story building with total floor area of 2,988㎡ (904 Pyeong)..
In particular, these 2 stations are expected to provide transportation convenience to the more than 220,000 regional residents of the new city as it is in close proximity to the Woonjung New City in Paju with total area of 16,477㎡(approximately 5 million pyeong), which is equivalent to Bundang, another large new city.
In addition, the Woonjung stations is inducing much expectations from the regional residents as the exit has been designed to be connected directly from the station to the entrance of apartment complex of the new city.
This new station on the Gyeongeui Line is being constructed as part of establishment of dual track line for the Gyeongeui Line, which is readying for opening in 2009. Total of 23 stations will either be newly constructed or remodeled for the Gyeongeui Line that extends from Yongsan, Seoul to Moonsan, Gyeonggi.
Once the project for establishment of dual track line in which the existing national railway routes will be totally electrificated, and the existing Tongilho train will be replaced by electric trains, which will shorten the travel time between Yongsan to Moonsan by 20 minutes to 50 minutes.
Train intervals will also be shortened to 10 minutes from the existing 1 hour, and the line will be linked to Soosaek.Sungsan Station (Route No. 6), Hongik University Entrance Station (Route No. 2), Gongdeok Station (Route No. 5), and Yongsan Station (Route Nos. 1 & 4), thereby enabling commuters to change train onto the capital regions subway routes and resolve traffic inconveniences experienced by the residents of new cities in the Northwestern region of the capital region.
Mr. Kim, Chang Hee, vice-chairman of AMCO, stated that “we shall nurture competitiveness of the company by assertively participating in government funded projects including those pursued by Korea National Housing Corporation, Public Procurement Service and Korea Rail Network Authority.”
In addition, AMCO has recorded securing of private sector and public sector construction orders including electric works for Bugok Apartment in Gunpo, establishment of berth No. 3 at New Namhang Port in Ulsan, Osan Citizen’s Sports Center and thermal power plant in the first half of this year with total value of more than 400 Billion Korean won.