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

  • PNG seek US $ 305.13mn for major road improvement projects
    October 26, 2012
    Powes Parkop, the Governor of National Capital District (NDC) Province in Papua New Guinea (PNG), says US $ 305.13 million (PGK 629mn) is being sought by the provincial government for road improvements. Of the targeted total, PGK 600mn is earmarked for the 2013 upgrade of several major routes including the Kookabara Street-Sir John Guise Drive flyover, the Erima roundabout, and the Paga Hill ring road. Some of the sum will also be allocated to build a four-lane road to link Bautama with Gerehu in preparati
  • Nepalese Government pushes ahead with transport infrastructure programme
    July 17, 2014
    The Nepalese Government has announced a major programme of transport infrastructure works for the 2014-2015 period. Road, highway and airport projects have all been prioritised. The detailed project report for the Kathmandu-Tarai Fast Track Road is to be completed within six months. The proposal aims to attract investors by guaranteeing a minimum number of vehicles using the tolled link. The project has been delayed due funding issues. This period will also see work being carried out the Mid-Hills Highway,
  • Controversial Russian bridge opens
    August 10, 2018
    The first stage of a controversial Russian bridge project is now complete, with the link having been opened to use by cars and buses. The Kerch Strait bridge spans the Black Sea, connecting Russia’s Taman Peninsula in Krasnodar with Crimea, the latter having been controversially annexed by Russia from Ukraine in 2014. The official opening of the 19km-long bridge was carried out by Russia’s president, Vladimir Putin, who drove across the link in a Russian-manufactured Kamaz truck to reach the city of Kerch.
  • Egypt’s Government has signed key transport deals with Chinese companies
    May 1, 2013
    The Egyptian Government has signed four agreements with Chinese companies that are intended to develop and improve the economic area northwest of the Gulf of Suez. Under the terms of these agreements the Chinese companies will be investing US$500 million into the area with this sum being delivered in three stages. The Egyptian Government expects the move by these companies to attract an additional investment of $1 billion in the region. As part of the development for the area, Egypt's National Authority for