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

  • Nepal’s $14.4 billion 2025-2026 budget
    June 3, 2025
    Nepal’s $14.4 billion 2025-2026 budget has been unveiled.
  • China’s undersea tunnel project is being planned
    August 20, 2018
    Plans are being drawn up for the project to drive a new undersea tunnel in Southern China to improve transport links between Shenzhen and Guangzhou. The tunnel itself will be around 1.1km long but the project will also include building a 4.45km stretch of road in the Dachan Bay area and a 2.5km stretch of road in Qianhai.
  • Progress being made for key Chile mega projects
    February 22, 2016
    Progress is being made in Chile for two key mega projects, the Chacao Bridge and the El Melon Tunnel. Chile's Ministry of Public Works (MOP) has ordered the consortium working on the Chacao Bridge project to carry out additional studies. The consortium comprises Systra, OAS, Aas-Jakobsen and Hyundai and the project is worth US$511.45 million. The consortium has to respond to observations made by the MOP on the design proposal presented in August 2014. The works to build the bridge now look likely to continu
  • New bridge works planned for the Philippines
    September 21, 2022
    Three new bridge links are planned for the Philippines.