Press release


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.
Jean-Marc Janaillac, Transdev Chairman and CEO and RATP Dev CEO François-Xavier Perin.

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.