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

  • South Australia road corridor plan
    February 24, 2022
    South Australia has plans for a major road corridor project.
    Read More
  • Transport development for Mindanao in Philippines
    June 4, 2015
    A series of transportation projects are in hand for Mindanao in the Philippines. The Philippines' Mindanao Development Authority (MinDA) has said that the Mindanao Development Corridors' major infrastructure component will cost some US$14.02 billion in all. Of the total, some $5.6 billion will be spent on airports, seaports and roads. MinDA intends that these projects will get underway out in the next two years, with work planned for completion in five years. A new bridge has been proposed that will conne
    Read More
  • Mostotrest to construct key Russia G8 transport links
    May 30, 2012
    Mostotrest will reconstruct and build six transport infrastructure facilities in time for the 2014 G8 summit in Skolkovo, Russia. The new infrastructure comprises the southern section of the North-West backbone; a section of Kutuzovsky Avenue, three interchanges at the crossing of Skolkovskoe, Mozhayskoe Highways and Generala Dorokhova Street with MKAD; and an interchange at crossing of Aminyevskoe Highway and Generala Dorokhova Street.
    Read More
  • Increasing importance of alternate truck routes
    February 14, 2012
    The fabled Silk Route from China to Europe takes many forms, and is again becoming increasingly important as Patrick Smithreports The ancient Silk Road was never a single caravan route, but covered hundreds of kilometres in width extending in length for around 10,000km. This is the view of the European International Road Transport Union (IRU), and many other countries and organisations, who point out that it is a system of routes covering many countries via a series of branch roads that dates back some 2
    Read More

Highlighted Content