YIDO, a value-up platform company, said on the 5th that it signed a new contract for electrical safety management and facility management services for eight public tunnel sites nationwide and 71 public tunnel business sites ordered by the Korea Expressway Corporation (KEC).
The contracted business sites are as follows: ▲ four sites including the Gwangam Tunnel under the Seoul-Gyeonggi Headquarters ▲ 11 sites including the Jinbu 1 Tunnel, 14 sites including the Gangneung 5 Tunnel, and nine sites including the Sammachi Tunnel under the Gangwon Headquarters ▲ eight sites including the Mungyeong Saejae Tunnel under the North Chungcheong Headquarters ▲ two sites including the Unsan Tunnel under the Daejeon-South Chungcheong Headquarters ▲ 12 sites including the Choamsan Tunnel under the Gwangju-South Jeolla Headquarters ▲ 11 sites including the Daedong 1 Tunnel under the Busan-South Gyeongsang Headquarters.
Over the next three years, YIDO will carry out operation and management services for the full range of electrical facilities in public tunnels, including electrical safety management and maintenance of lighting, ventilation, and communications equipment. YIDO operates five sites, including the Geumgwang Tunnel in Gyeonggi (6.1 km) and the Bong-an Tunnel, the Wangsang Tunnel in Gangwon Province, the Mupung Tunnel in North Jeolla, and the Jicheon Tunnel in South Jeolla. With this new contract, the number of public tunnel operation business sites will increase to 13.
YIDO also plans to expand its operating asset across public transportation infrastructure, including bridges and underpasses, starting with the operation of public tunnels. YIDO is Korea's No. 1 integrated operator, currently operating a total of 16 major private-investment expressways and long tunnels, including the Seohaean Inland Expressway, the longest privately financed road in the country, Ulsan Bridge, the country's largest short-span suspension bridge, and the Cheonan–Nonsan Expressway, the country's second private-investment road.