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

  • New Zealand transport infrastructure works
    August 29, 2022
    New Zealand is to benefit from transport infrastructure works.
  • Houston’s US$13 billion ‘gamechanger’ highway
    October 28, 2024
    Work is underway on Houston’s US$13 billion ‘gamechanger’ highway project.
  • Vietnam bridge, road and highway development projects
    June 20, 2018
    Vietnam is pushing ahead with a series of road, highway and bridge projects that will improve the country’s transport network. Feasibility studies for three stretches of the North-South Expressway have been received by Vietnam’s Ministry of Transport (MoT). The 29km stretch from Nha Trang to Cam Lam is expected to cost US$177.9 million, with work starting in 2019 and due for completion in 2021. The 60km stretch from Dau Giay to Tan Phu will be built from 2018 to 2022. The 101km stretch from Vinh Hao to Pha
  • Colombia’s infrastructure development
    December 5, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c