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

  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • China road works being planned
    May 25, 2020
    Work is being planned in China for a series of major new road projects.
    Read More
  • Slovakia opens up more D1 motorway sections to tender
    June 9, 2015
    Slovakia’s national motorway company NDS has put out to tender two sections of the D1 motorway near Presov and Kosice. Both tenders have been published in the Official Journal of the European Union, with bid submission deadlines set for June 29. The first section is the south-west D1 by-pass of Presov at nearly 8km long, including the construction of a 2km duel-tube road tunnel Presov and estimated to cost €443.4 million. The second section is the 14.5km-long D1 Budimir to Bidovce stretch, with cost
    Read More
  • China’s Hebei province and Yibin city reveal big road spending plans
    April 1, 2014
    China’s Hebei province plans to spend US$3.47 billion (CNY 21.6 billion) in 2014 to build and maintain rural and normal trunk roads. Rural roads will receive CNY 7.5 billion, normal trunk roads CNY 9.1 billion and road network optimisation CNY 5 billion. Meanwhile, the Chinese city of Yibin will this year invest more than $1.61 billion (CNY 10 billion) in transport projects. During 2014, Yibin plans to spend a total of $6.59 billion (CNY 40.7 billion) on 157 major projects. They include 58 basic infrastruc
    Read More

Highlighted Content