POSCO ICT Co., a unit of South Korea’s leading steelmaker POSCO, said Tuesday that it has secured a 100 billion won ($89.5 million) deal to provide IT services for a planned railroad project in Vietnam.
According to the company, it will provide engineering and information technology services for a 20.2 kilometer-long railroad linking Ben Thanh, a downtown area of Ho Chi Minh City, to Long Binh in District 9.
The railroad is scheduled to start operations in 2019, according to POSCO ICT.
POSCO ICT is also participating in the projects of integrated steel mills being constructed in Indonesia, Brazil and Vietnam.
It also plans to expand its railroad IT and engineering businesses to countries such as Brazil, India and Indonesia. (Yonhap News)
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