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

  • Chile project tenders due shortly
    June 27, 2016
    A series of major projects in Chile will be put out to tender by March 2018. These will be worth some US$4.08 billion in all. Further transport projects are planned for Chile and 2021, the total value of these will be worth an impressive $8.28 billion. The country’s Chacao Bridge linking to Chiloe Island and Agua Negra Tunnel connecting with neighbouring Argentina are perhaps the two most notable and ambitious transport projects Chile will be working on. The tender process for the $800 million Principe de G
  • $127 million Austin, Texas road extension
    April 17, 2025
    A $127 million extension to a toll road in Austin, Texas road is being proposed.
  • New Chinese expressway under construction
    January 12, 2022
    A new Chinese expressway project is under construction.
  • Plans in hand to expand Nicaragua’s highways
    October 2, 2013
    Plans are now in hand to develop the highways of Nicaragua, a Central American country that has suffered from poor infrastructure investment in the past. The funding will come from the Inter-American Development Bank (IADB). Some US$91.5 million has been approved by the IADB to finance highway projects in Nicaragua between 2014 and 2018. While this sum may not seem as substantial as the investment being seen in other countries around the world, it will make an enormous difference to this small Central Ameri