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

  • Malaysia's major infrastructure investment
    May 4, 2012
    Malaysia has set aside a budget worth nearly US$310 to develop five regional corridors in the country. The projects include the construction of a coastal highway linking Nusa Jaya and Johor Baru. Malaysia's Government would also set aside $31.2 billion in all for a series of major infrastructure projects under its Second Rolling Plan (RP2) in 2012 and 2013.
    Read More
  • India’s massive plans for highway development
    February 10, 2016
    The Indian Government has set out plans to award highway projects worth at least US$8.84 billion during the next fiscal year. These projects will be offered under the hybrid annuity model, according to a report in the Economic Times. KPMG has stated that some 21 projects for a total of 1,500km and worth close to a third of that sum will be granted by the Indian Government in the current fiscal year.
    Read More
  • New bridges and roads in Vietnam
    April 30, 2025
    New bridges and roads in key Vietnamese cities worth up to $2.43 billion will boost transport.
    Read More
  • Key SR-91 highway upgrade underway in California
    December 16, 2013
    In the US state of California, construction is now underway for the State Route 91 (SR-91) Corridor Improvement Project. This improved section for SR-91 will run through the Corona and Riverside, both of which are located in Riverside County. The project will extend the SR-91 Tolled Express Lanes in Orange County into Riverside County, a distance of 17.6km. This includes a 13km stretch into Riverside County on SR-91, with a 5km flyover connecting to Interstate 15 from SR-91. Riverside County Transportation
    Read More

Highlighted Content