Skip to main content

North Korea astounds transport sector with road development plan

North Korea claims that it is establishing a strategic plan that will lift the country's struggling economy into prosperity as early as 2012. According to a missive from the Korean Central News Agency (KCNA), a 10 year economic plan has been unveiled that will see a total of US$100 billion being invested by the nation in 12 strategic sectors.
February 10, 2012 Read time: 2 mins
RSSNorth Korea claims that it is establishing a strategic plan that will lift the country's struggling economy into prosperity as early as 2012. According to a missive from the 5710 Korean Central News Agency (KCNA), a 10 year economic plan has been unveiled that will see a total of US$100 billion being invested by the nation in 12 strategic sectors. It will also introduce the State General Bureau for Economic Development to deploy and oversee the plan. A key facet of the plan is for the construction of some 3,000km of roads. Exactly what will be driven on these new roads is as yet unclear. The country's ruling military elite are amongst the small minority of people who are in a position to own personal vehicles. Other than that, North Korea's military is the country's largest user of vehicles. The country also suffers from massive fuel shortages (of all types of fossil fuels) that result in whole areas of its national grid being closed down to conserve power, in addition to hindering vehicle transportation. It would seem logical that any new highways would therefore have to be designed around using bicycles as transportation, given that these do not rely on fuel for motive power.

For more information on companies in this article

Related Content

  • EV charging infrastructure – what’s the future?
    November 14, 2022
    Road designers, construction companies and concessionaire firms will increasingly need answers about electric vehicle charging infrastructure and a new website is there to help – EV Charging and Infrastructure, evcandi.com - follows the latest news, technology and regulations.
  • Mainstreaming road safety in transportation projects: scaling up global commitment
    April 6, 2017
    In its latest policy statement, the International Road Federation affirmed the essential role of road safety audits and inspections It called on multilateral institutions to introduce qualitative benchmarks and capacity strengthening programs to ensure countries progress towards a safe and forgiving road system. Road safety audits and inspections are a formal safety performance examination of an existing or future road or intersection by an independent, multidisciplinary team. They qualitatively estim
  • Vietnam and Laos addressing road safety
    February 29, 2012
    Accident statistics from Laos and Vietnam reveal a growing awareness of the problems needing attention.
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth