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

  • Canada, US officials soon to settle planned Detroit bridge issue
    February 5, 2015
    An end to a thorny issue is close at hand concerning who will fund construction of a border customs plaza on the US side of a planned bridge linking Canada and the United States. US President Barack Obama’s US$4-trillion budget did not set aside any money for the plaza for a second consecutive year, further irritating Canadian officials who are overseeing construction of the bridge. It appears that the Canadian government might end up footing the entire bill, according to a report in Toronto’s Globe a
  • New Algerian routes
    November 27, 2012
    A major new expressway will link Tizi-Ouzou in Algeria to the country’s East-West highway. The local authorities have been given a budget of US$623 million for the project. The expressway will connect to the East-West highway at Bouira. The project forms part of the 2010-14 five year plan and is required as the existing route linking Tizi-Ouzou to the East-West highway, the TN 12, is now carrying more vehicles than it was designed for. Meanwhile a feasibility study has been completed for a new six-lane high
  • Morocco’s motorway works
    December 5, 2024
    Work on Morocco’s motorways start and stop.
  • New Central Ring Road around Moscow to be built by 2018
    September 30, 2013
    Eugene Gerden evaluates Moscow’s new ring road mega project The Russian government plans to complete implementation of one of the most ambitious projects in the country’s road building industry in recent years, which involves construction of The Central Ring Road around Moscow by 2018. The new road should be built by the next presidential elections, while its length will be 339km. It is expected to be comprised of five sections and will be located 50km away from Moscow Ring Road, a ring road encircling the