Seoul renews contract with Transdev and RATP Dev for operation of subway line 9
Paris, October 24, 2013 - Transdev and RATP Dev have signed a new contract through their joint venture in Asia to operate and maintain Line 9 of the Seoul subway. The 10- year contract represents more than € 525 million in revenues.
The city of Seoul and the consortium SML9, responsible for the operation and maintenance of the city's subway Line 9, have expressed their continued confidence in the Asian joint venture between Transdev and RATP Dev, renewing for 10 additional years the contract for the line's operation and maintenance that the JV has held since July 2009.
We are very pleased with this renewal, demonstrating our client's confidence in our ability to offer high quality service to travelers. This is another significant success for the Transdev-RATP Dev joint venture, coming a few months after the August commissioning of the light rail network in Shenyang, China.
With 27 km and 25 stations, Line 9 of the Seoul subway connects the Gangnam area in the southeast with Gimpo Airport, west of the city, greatly facilitating mobility in one of the world's most populous cities, with 22 million inhabitants.
The flagship line of the Seoul subway network, known for the quality and consistency of its service, Line 9 transports 430,000 people per day. It is the only privately operated line in Seoul.
ABOUT THE TRANSDEV - RATP DEV JOINT VENTURE FOR ASIA
The joint venture between RATP Dev and Transdev is a 50/50 partnership created in April 2099 to advance potential development in Asia, particularly in China, South Korea and India. The partnership aims to become one of Asia's urban transportation leaders. The joint venture's operations include the iconic streetcars of Hong Kong, the Nanjing urban network with nearly 2,000 buses and Line 9 of the Seoul subway.
A subsidiary of Caisse des Dépôts and Veolia Environnement, Transdev is one of the world's leading public transport companies.
Transdev advises and assists local authorities, from pre-project to daily operations of public transport systems to project management. With 95,000 employees in 21 countries, the company operates 48,000 vehicles and 24 tram networks. Transdev generated revenues of 7.9 billion euros in 2012.
RATP Dev is a subsidiary of RATP Group, established in 2002 to develop the Group's operating and maintenance activities in France and internationally, outside the historic network operated by RATP in the Paris region. RATP Dev now operates in 12 countries on four continents (the UK, France, Italy, Switzerland, Algeria, Morocco, South Africa, the U.S., Brazil, India, China and South Korea) and generated revenues of 719 million euros in 2012, 66% internationally.