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

  • Challenges and investment opportunities in East Africa transport infrastructure Sector
    November 21, 2014
    East Africa offers considerable potential for transport infrastructure expansion and investment - Shem Oirere reports Infrastructure, infrastructure and more infrastructure is what is needed to make East Africa the favoured destination and Kenya, Tanzania, Uganda and Rwanda have unveiled grand plans to enhance the infrastructure both nationally and regionally.” This is how market analyst Deloitte introduced its 2014/15 budget analysis for the four countries in July.
  • Tunnel project for south German town to restart
    August 5, 2019
    Construction work is to restart on a new tunnel project in the South German town of Garmisch-Partenkirchen following the necessary approvals having been received. The town lies to the south of Munich and is a popular winter ski resort, while in summer it also experiences heavy tourist traffic as it lies on a key route between Germany and Austria, as well as Italy, lying to the south. The busy Autobahn 95 connects Munich’s southern side with Garmisch-Partenkirchen. But this route ends just to the northern si
  • Qatar developing highway expansion plan
    June 16, 2016
    Qatar is setting the wheels in motion for the development of a comprehensive highway network. Engineering firm KBR is working on a three year, US$185 million consultancy contract to manage Qatar’s highway construction and improvement programme. This package is an extension to KBR’s earlier contract, which the firm won in 2010. The new contract was awarded by Qatar’s Public Works Authority (Ashghal) and the highway network plans will form part of the country’s National Vision 2030 strategy. New and improved
  • Transport investment up 28.86% in Kunming, China H1 2013
    August 27, 2013
    The Chinese city of Kunming has increased spending on transport by 28.86% to almost US$1.8 billion (CNY 10.99 billion) in the first half of 2013, compared to the same period of 2012. According to the Kunming Traffic Transport Bureau, who disclosed the investment rise, the total included $1.71 billion (CNY 10.59 billion) spent on airport facilities, urban rail transports and key city and provincial projects, and $8.66 million (CNY 53.42 million) on rural roads.