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

  • $151 million upgrades for Nigeria’s Delta State
    August 1, 2025
    A budget of $151 million has been set for infrastructure upgrades in Nigeria’s Delta State.
    Read More
  • Highway proposals to extend Vietnam’s network
    November 12, 2015
    A series of major highway and road projects have been proposed for Vietnam. Investors have submitted a proposal to build North-South road costing an estimated US$383.8 million. Another proposal has come from the Project Management Board 85 to develop Bien Hoa-Tan Thanh-Cai Mep Seaport expressway, with an estimated cost of $591.5 million.
    Read More
  • Chinese Government to spend US $ 4.45 billion on transport infrastructure in 2012
    October 8, 2012
    The Chinese Government is to spend US $4.45 billion on transport infrastructure in 2012. Of the total, $ 789.59 million will go on rural road improvements, of which 88% will be used in the central and western regions of the country. A further $ 789.59 million is being spent on expressway development, with western and central regions receiving $ 442.17 million and $ 221.08 million respectively.
    Read More
  • Bolivia road contract awarded to Chinese firm
    February 9, 2017
    A Chinese contractor will carry out a major highway project in Bolivia. The company, Sinohydro, will construct a new road section close to El Sillar and the work will form part of the highway connecting Santa Cruz with Cochabamba. The work for the 28km stretch of road is costing around US$450 million to carry out and the link is due to open to traffic in 2019. Work on this section of road was intended to commence earlier but was delayed due to a number of unexpected administrative issues. Financing for this
    Read More

Highlighted Content