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Korea - Third Railway Project (English)

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  • Korea - Third Railway Project (English)
  • World Bank (WB)


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Title Korea - Third Railway Project (English)
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Material Type Others
Publisher

World Bank (WB)

Date 1970
Language English
File Type Link
Subject Economy < Financial Policy

Abstract

The bulk of the loan and credit would be earmarked for the purchase of specific equipment required for the project, namely freight cars, diesel locomotives, telecommunications and track maintenance equipment. Acquisition of these items would increase KNR's capacity to meet traffic requirements and would help to improve KNR's efficiency by reducing operating costs. In particular, the new freight cars and diesel locomotives would meet present shortages and provide for expected traffic growth in the immediate future, the telecommunication equipment would replace obsolete and over-age installations which are now unreliable and insufficient to meet operational requirements, new track maintenance equipment would help to modernize maintenance operations and to improve the quality of maintenance work.