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

  • Chile-Argentina Agua Negra Tunnel progress
    February 16, 2018
    The names of the contractors offering bids for the new Agua Negra Tunnel project connecting Chile and Argentina will be revealed in March 2018. Several firms have already expressed a keen interest in this major engineering project. Contractors that have expressed interest include CRS, a consortium comprising China Railway Tunnel Group and Benito Roggio e Hijos. In addition, Ingenieria y Construccion Sigdo Koppers and OHL are also interested in the project as are the firms Rovella and Condotte. The project
  • Auckland’s future strategic transport requirements
    July 5, 2012
    The Auckland Harbour Bridge is at the stage that it cannot cope with much more traffic, yet the population of the Auckland region continues to grow at a steady rate. Coupled with that, the bridge is a key link in the most important transport corridor in the country, State Highway One. Without it, the country would struggle to function. Not only home to New Zealand's largest city and one third of its population, Auckland's port is one of the country's largest. Some 140m north of the city is Marsden Point, th
  • Kenyan key contract being built by Bechtel
    August 9, 2017
    Bechtel has won a major project to build and important highway link in Kenya. This will be the first long stretch of high-speed expressway in Kenya and will connect the capital, Nairobi, with the country’s main port, Mombasa. The project for the 473km connection is being supported with financing from US and UK sources. Once the new route is open to traffic, journeys between Nairobi will take just four hours by road, instead of 10 at present.
  • Serbia sets €7.12 billion transport budget
    February 2, 2024
    Serbia is setting a €7.12 billion transport budget.