KIND

Construction Begins on KRW 4.7 Trillion Tashkent New Airport

KIND Launches Full-Scale Support for ‘K-Airport Exports'

The Korea Overseas Infrastructure & Urban Development Corporation (hereinafter referred to as KIND, President Bok-hwan Kim) announced that President Kim attended the groundbreaking ceremony for the Tashkent New Airport Construction Project held in Tashkent, Uzbekistan, on October 15 (local time).

This event officially marked the commencement of a large-scale overseas airport project led by Vision Invest, a Saudi Arabian infrastructure development institution, with Japan’s Sojitz Corporation, KIND, and Incheon International Airport Corporation participating as co-developers.

The Tashkent New Airport project, valued at approximately KRW 4.7 trillion, aims to construct and operate a new international airport 35 kilometers south of Tashkent to address saturation at the existing airport and accommodate the city’s expansion. The project will handle 17 million passengers annually in the first phase and 54 million in the second phase, with a total operation period of 45 years. As the capital airport project of Uzbekistan, which has strong economic growth potential, it holds significant strategic advantages.

In addition to the Tashkent New Airport project, KIND is supporting Korean airport operators in various overseas airport development tenders by jointly participating from the bidding stage through feasibility study assistance, proposal preparation support, and cost-sharing arrangements.

KIND is collaborating with Incheon International Airport Corporation on the Urgench Airport project in Uzbekistan and two airport development projects in Montenegro, and with Korea Airports Corporation on the Luang Prabang Airport modernization project in Laos. Together with airport operators, construction companies, and design/CM firms, KIND is actively working to promote the export of “K-Airport” in the global airport PPP market.

President Bok-hwan Kim stated, “The Tashkent New Airport project is a large-scale infrastructure development in Central Asia jointly promoted by companies from Korea, Saudi Arabia, and Japan, and financed by multiple Multilateral Development Banks (MDBs) and Export Credit Agencies (ECAs). It serves as an important stepping stone for expanding the presence of Korean companies in the Central Asian and global airport development markets.” He added, “KIND will continue to actively identify and support overseas investment and development projects in cooperation with various domestic companies, striving to enhance the global competitiveness of ‘Team Korea.’”

As a key institution for Korea’s overseas infrastructure export strategy linked with government policy, KIND plans to continuously expand its support for Korean companies’ overseas advancement in various social overhead capital (SOC) sectors, including airports, ports, roads, and railways.

KIND Launches 2025 Training Program for Overseas Investment and Development Professionals

– Building a Foundation for Developing Specialized Global Talent -

The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bokhwan Kim) conducted the “2025 Overseas Investment and Development Talent Training – Advanced Course I” over five days from Monday, the 17th, to Friday, the 21st.

This course focused intensively on key subjects essential for carrying out overseas investment and development projects, including PPP (Public-Private Partnership) project structuring, project financing (PF), and risk management for overseas projects. A tiered curriculum was implemented to reflect participants’ job levels and experience, thereby enhancing training effectiveness.

The program’s instructors included not only internal experts from KIND but also specialists from private-sector companies and experts in public overseas investment. This approach was designed to foster networking among professionals in the infrastructure development market and provide practitioners with access to a wider range of knowledge.

Another highlight of the program was the reinforcement of field-based learning. To enhance participants’ practical understanding and on-site awareness, KIND incorporated infrastructure facility site visits into the curriculum. By going beyond theory-based instruction and offering direct exposure to real project environments, the program significantly improved experiential learning.

A KIND representative stated, “Securing professional talent is crucial for the continued growth of overseas investment and development projects,” adding, “Through this training program, we aim to continuously nurture practical experts essential to the overseas investment and development ecosystem, thereby contributing to increased international investment participation and expanding overseas project orders.”

KIND and KECO Sign MOU on Overseas Environmental Investment and Global GHG Reduction Cooperation

The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President: Kim Bok-hwan), and the Korea Environment Corporation (KECO) have joined forces to jointly identify overseas environmental investment and development projects. On the 28th, the two organizations signed a Memorandum of Understanding (MOU) and agreed to strengthen collaboration in pioneering overseas environmental markets and expanding international greenhouse gas (GHG) reduction initiatives.

Under this agreement, KIND and KECO plan to enhance cooperation across various areas, including: ▲ Identifying and sharing information on public-private partnership (PPP)–based overseas environmental investment and development projects  ▲ Discovering and providing comprehensive support for international GHG reduction projects ▲ Supporting and collaborating on overseas environmental infrastructure development and joint public–private project bidding ▲ Utilizing global networks to identify and cooperate on new projects

As global efforts to address climate change and build sustainable infrastructure grow, the market for environmental PPP projects continues to expand. In particular, Korea plans to use international GHG reduction as a key measure for achieving its 2035 Nationally Determined Contribution (NDC) targets, making the discovery and activation of additional projects essential.

President Kim Bok-hwan of KIND stated, “The overseas environmental infrastructure market has become a top priority for governments facing rapid urbanization and industrialization, and many are expanding private-sector investment to overcome fiscal limitations. It is necessary to leverage PPP-driven project development to strengthen the competitiveness of Korean companies and secure stable, long-term revenue streams.”

KIND and Hyundai Rotem Sign MOU for Joint Development of Overseas Projects and Mutual Cooperation

Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bok-hwan Kim) announced that it signed a Memorandum of Understanding (MOU) with Hyundai Rotem Company, a global railway solutions provider, on December 16 to jointly develop overseas railway projects and strengthen mutual cooperation.

This MOU was concluded in response to the growing global demand for railway infrastructure and the increasing number of new railway project tenders worldwide. By combining KIND’s expertise in overseas infrastructure project development with Hyundai Rotem’s comprehensive technological capabilities across the entire railway sector—including rolling stock, signaling, and power systems—the two organizations aim to enhance their competitiveness in the global market.

In particular, Public-Private Partnership (PPP) project delivery models have been expanding rapidly in overseas railway markets. As government budgets alone are increasingly insufficient to meet large-scale railway infrastructure demand, PPP models—which integrate private capital and operational expertise—are emerging as a viable alternative that improves both fiscal efficiency and project feasibility. KIND plans to contribute its expertise in project structuring, risk management, and investment support across all stages of PPP projects, while Hyundai Rotem will leverage its advanced rolling stock and rail solution design and manufacturing technologies, as well as its operational experience, to create strong synergies.

Under the MOU, the two parties will expand cooperation across a wide range of areas, including: ▲ mutual exchange of information related to overseas projects (overseas railway rolling stock projects and related rail solution businesses); ▲ joint identification and development of promising overseas railway projects; ▲ provision of joint equity participation and investment opportunities in overseas projects; and ▲ joint development of priority projects.

President Bok-hwan Kim of KIND stated, “Railway PPP projects represent a rational project delivery approach that takes into account the fiscal capacity of governments, and they also constitute an important field in which Korean companies can create new opportunities in the global market.” He added, “Through this MOU, KIND will work closely with Hyundai Rotem to actively identify overseas railway PPP projects and take the lead in structuring optimal project implementation models.”

Following the signing of the MOU, KIND and Hyundai Rotem plan to actively pursue joint projects, focusing on regions where the two organizations have already established cooperative relationships, including Asia, the Middle East, and Europe. They also aim to respond proactively to the rapidly changing global railway market environment and evolving project structures.