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

  • Bidding for Uganda road connecting Kampala and Jinja
    May 22, 2018
    In Uganda bidding is now underway for the new expressway project to improve transport between capital Kampala and the industrial city of Jinja. The project for the 95km section of road is expected to cost US$1 billion to construct. The contract is being offered under the design, finance, build and operate model, with the route then being handed back to the Ugandan Government once the agreed concession period is complete. Some of the financing will be provided by the Africa Development Bank (AfDB), French De
    Read More
  • Turkey is investing in new motorway and bridge projects
    May 29, 2013
    Turkey is benefiting from new motorway and bridge projects constructed along the BOT model - Gülay Malkoç. Looking at Turkey’s economic development, road construction plays a crucial role. The investment in Turkey is becoming increasingly attractive for both local and foreign investors. There are significant huge road investments and projects being made in Turkey at present, compared with EU countries where the roads need mostly repair and maintenance. According to the approach of Turkey’s Ministry of Trans
    Read More
  • Texas set to approve extension to Texas 249 and US 290 in 2016
    January 5, 2016
    The Texas Department of Transportation is poised to give the go-ahead to US$1.27 billion worth of freeway to start this year. Plans include extensions to Texas 249 and US 290 in order to give Waller County greater access to major freeways and tollways, according to media reports. The biggest project, which is expected to begin this summer, is the addition of toll lanes to Texas 288, costing $800 million. Work will also be carried out at interchanges between the 288 toll road, Loop 610 and the Sam Hous
    Read More
  • Japan's toll-free pilot
    February 10, 2012
    The Japanese Government is planning to make several expressway sections toll-free. This forms part of a pilot programme, with six sections of the country's expressway network intended to be made toll-free for all vehicles.
    Read More

Highlighted Content