Published : Nov. 3, 2015 - 18:13
Information communications and technology solutions developer LG CNS said Tuesday it had secured a deal to establish a fleet management system to collect public transit data in Pasto, Colombia, which the company said would give a boost to its business operations in South America.
The FMS transmits bus data, including location, and driving speed, through GPS and network modems to a control center, which then analyzes the received information.
(From left) Jorge Cote, head of public transit corporation AVANTE SETP, Jang Kwang-ok, chief of LG CNS Colombia, Pasto Mayor Harold Guerrero Lopez and LG CNS officials pose at the signing ceremony to establish smart systems for public transportation in Pasto City last month. (LG CNS)
The system allows bus operators to utilize the data to efficiently manage bus schedules. Customers can check bus schedules in real time with their mobile devices and public transit authorities can make transportation policies based on the data compiled by the system, according the company.
The establishment of the FMS is part of the government-led project to modernize the public transportation systems in 12 cities, including Pasto City.
The deal between the Korean firm and the Colombian city, which is worth around 6 billion won ($5.3 million) is expected to serve as a stepping-stone for the Korean ICT solutions developer to participate in other projects to refurbish public transportation systems in Colombia.
LG CNS was one of the companies that took part in projects to better transportation systems in metropolitan cities such as Seoul and Bogota.
The deal came after the government’s efforts to encourage business exchange between companies.
President Park Geun-hye paid visits to South American nations, including Colombia, in April this year and the Ministry of Land, Infrastructure and Transport held business conferences, meetings and workshops among government officials and businesspeople.
“LG has the top-in-class technology for smart public transportation systems and has been providing tailored transit systems to big and midsized cities,” said Lee Eung-joon, vice president of the LG Group affiliate, in a press release.
He vowed to expand the firm’s business operations in other cities in Chile, Peru and Brazil.
By Kim Young-won (
wone0102@heraldcorp.com)