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

  • Laos plans interlinked roads
    June 5, 2014
    The Laos Government is planning to build a network of six interlinked roads that will cost in the order of US$3.98 billion. The Laos Ministry of Public Works and Transport says that the network will comprise some existing roads that will be upgraded to meet Asean highway standards, as well as new road sections. In total this new network will measure some 2,374km long. One of the six new highways will be built using the routes of the existing Road No 7 and Road No R3, connecting the province of Bokeo and the
    Read More
  • Philippines planning series of highway projects
    August 10, 2017
    A series of major highway projects are now being planned in the Philippines. The largest of this most recent set of highway projects to be announced is for the US$1.24 billion NLEx-Cavitex Port Expressway Link put forward. Measuring 15km the route would be constructed featuring four lanes. This proposed link would connect the Cavite Expressway and North Luzon Expressway in Metro Manila. The proposal for the project has been made by Manila North Tollways, a subsidiary of Metro Pacific Investments.
    Read More
  • Romania’s road expansion plan
    July 9, 2024
    Romania is planning a major road expansion programme.
    Read More
  • Completion date for stretches of Vietnam’s key project
    October 25, 2018
    The completion date has been announced for sections of Vietnam’s key road project. The North-South Expressway project is being built in eight stretches with the work being handled under the PPP model. Vietnam’s transport ministry is aiming for sections of the route to be built by the second quarter of 2020. Funding worth US$5.09 billion has been secured for the project. The North-South Expressway forms a key part in Vietnam’s national road strategy. The plan also includes upgrading, improving and maintaini
    Read More

Highlighted Content