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

  • Mexico has major plans to improve transport network
    December 13, 2013
    Mexico’s transport and communications ministry (SCT) looks set to open tenders for 258 highway projects in 2014. Tenders for 13 projects covering work to repair, upgrade and widen over 2,000km of roads have already been revealed. Tenders being opened will also include building bridges and bypasses around congested urban areas. Key tenders include 48 in Chiapas, 35 projects in Oaxaca, 24 in San Luis Potosi and 11 in Guerrero and Veracruz. The road projects will account for some 20% of the overall infrastruct
    Read More
  • Thailand Government plans infrastructure programme
    November 24, 2015
    Major plans are in hand in Thailand for transport infrastructure development. The country’s Ministry of Transport is revising its construction plans for a series of key transport infrastructure projects at present. Several selected plans will then be presented to the cabinet in mid-December 2015. A total of five public-private partnership (PPP) ventures are among projects that will be re-submitted to the cabinet for approval. Two of these PPP projects are highways that will cost an estimated US$3.9 billion.
    Read More
  • Ethiopia planning road network growth
    June 11, 2018
    Ethiopia is setting a target of 2020 to complete its road expansion programme. The plan has been to double the length of the country’s road network in the period from 2015 to 2020. At present Ethiopia has around 121,200km of roads, compared with around 100,000km of roads in 2015. But by 2020, the Ethiopian Roads Authority (ERA) aims to expand the network to 200,000km.
    Read More
  • New tolled highway plans for Indonesia
    November 1, 2012
    The authorities in Indonesia have set out extensive plans to source funding for new tolled highways. In all seven highway projects have been identified as crucial to expanding the network and improving connectivity for the Indonesian islands of Sulawesi, Java and Sumatra. Some US$25 billion in loans from overseas has been sourced by the Public Works Ministry of Indonesia.
    Read More

Highlighted Content