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

  • US$417 million loan for North Carolina toll road upgrade
    February 20, 2024
    A US$417 million loan will help pay for a key North Carolina toll road upgrade.
    Read More
  • Plans in hand for Denmark-Germany tunnel link
    January 25, 2013
    The tender pre-selection process is underway for the new tunnel link that will connect Denmark with Germany. Danish state-owned company Femern said that interest is strong in the project to build the tunnel, which will run under the Baltic Sea. So far nine consortia comprising 24 companies in all are taking part in the tender pre-selection process. The Fehmarn Belt Fixed Link will feature an immersed tunnel and its construction is expected to cost some €5.5 billion. There are four main contracts including d
    Read More
  • Plans in hand for major Ethiopian road programme
    September 22, 2014
    In Ethiopia plans are in hand for a series of major road projects. The Ethiopian Government has set out a programme of road building contracts to expand the country’s transportation network. The Addis Ababa City Roads Authority (AACRA) intends to build 600km of roads in the 2014/2015 fiscal year. This will extend Ethiopia’s road network from 4,671-5,275km. However AACRA still requires some £189.5 million to complete this project. So far AACRA has received US$305 million from Addis Ababa City Administration,
    Read More
  • ARTBA’s research reveals US public supports infrastructure investment
    November 15, 2012
    According to the American Road & Transportation Builders Association (ARTBA), US voters are keen to see increased spending on infrastructure. ARTBA’s analysis suggests that voters approve nearly 70% of state and local transportation ballot initiatives, which is consistent with the results of the last four US elections. ARTBA tracked 31 measures overall; five were statewide initiatives and 26 were local. The measures would increase or extend funding for highways, bridges and transit. All of the seven bond in
    Read More

Highlighted Content