Skip to main content

South Korea's transport plan

The government of South Korea will be allocating a total of US$127.99 billion on transportation infrastructure in preparation for the 2018 Winter Olympics.
February 29, 2012 Read time: 1 min
The 3381 government of South Korea will be allocating a total of US$127.99 billion on transportation infrastructure in preparation for the 2018 Winter Olympics. Additionally, the government is also planning to build a second Yeongdong Expressway to connect Gyeonggi's Gwangju with Wonju and the cost to build the expressway is US$1.3 billion. Aside from that, the government wants to expand three road networks, which include Routes 59, 31 and 6 that connects to Gangneung and Wonju. The government has already allocated some $86.7 million into the Route 6 extension, connecting Duneung and Yeongok. This project is due for completion in 2014.

For more information on companies in this article

Related Content

  • South Korea-North Korea highway link?
    May 18, 2015
    An optimistic tone in South Korea is seeing the construction of an expressway connecting Seoul and Munsan. The project is being carried out in a bid to boost trade with North Korea. This is in spite of the current uncertain political situation in North Korea. The expressway will connect South Korean capital Seoul to Munsan, which lies to the south of the Demilitarised Zone bordering North Korea. More private investment can be roped in via the plan to build the expressway. An environmental impact assessment
  • Hyundai E&C develop real-time driver road, weather and traffic info system
    December 16, 2013
    Hyundai Engineering and Construction (Hyundai E&C) has developed an information system that offers motorists real-time information on weather, roads and traffic congestion. Hyundai Mobis and Hyundai Motor also collaborated in the development of the system, for which five individual patents are said to have been secured by Hyundai Group. With the system, data can be sent through the WAVE telecom technology via message signs on roads or directly to cars, while information from weather reports, vehicle sensor
  • Guangdong’s US$16.36bn for new build transport infrastructure
    January 9, 2014
    China's Guangdong province will invest US$16.36 billion (CNY 99 billion) in transport infrastructure construction projects during 2014. Of the total, $11.46 billion (CNY 70 billion) will be set aside for construction of expressways. Another $2.27 billion (CNY 13.9 billion) will be used to build local roads, while $1.31 billion (CNY 8 billion) will go towards construction of national and provincial highways. In 2014, eight new expressway projects measuring 938km in total will begin in Guangdong. They inclu
  • Saudi Arabian capital Riyadh benefiting from major transport investment
    September 9, 2013
    Saudi Arabia is undergoing a series of upgrades to its transport network in a bid to improve Traffic flow rates and boost safety - Mike Woof reports. The massive growth in the use of motor transport worldwide since the start of the 20th century has transformed every country on the planet. But perhaps no country has changed more dramatically than Saudi Arabia, the world’s leading oil producer. At the start of the 20th century Saudi Arabia’s population was small and the country had few industries while it is