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

  • Brazilian transport infrastructure development plans
    July 20, 2020
    The Brazilian Government is setting out its transport infrastructure development plans.
    Read More
  • Texas highway projects moving ahead
    June 4, 2018
    Two major highway projects are now moving ahead in Texas. One project is for the Grand Parkway around Houston, the other is for the construction of three bridges at an interchange on US 290. Grand Parkway Infrastructure is to construct a stretch of the Highway 99 Grand Parkway, which will run around Houston. In all the project for the 295km gyratory highway is costing US$1.28 billion. The package of works was awarded by the Texas Department of Transportation and involves building extra toll lanes as well a
    Read More
  • Crossing the Alps for five decades
    March 24, 2020
    Italy’s A22 Autostrada route is a key transport connection for Europe and also a model for efficient operational management
    Read More
  • German road spend increase
    April 30, 2012
    Germany’s Government intends to boost transportation infrastructure spending, with the majority of funds going towards roads. An increase of €1 billion will be targeted at transport with some 60% of that budget being used for improvements to the country’s road network. In contracts some 30% will be for port, canal and general shipping infrastructure with a mere 10% for rail investment. The German Government has also granted approval for work to the next stretch of the A44 autobahn. The new 7km link will run
    Read More

Highlighted Content