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

  • New road link proposed for Cambodia
    March 15, 2022
    A new road link is being proposed for South Cambodia.
  • Machine control brings accuracy to US paving job
    November 2, 2012
    The historic city of Raleigh in North Carolina is one of the few cities in the US that was planned and built specifically to serve as a state capital and its population and traffic volume have grown enormously in recent years An indicator of Raleigh's growth has been the need for an expanded roadway system to serve Wake County. As early as the 1970s there were plans for a Western Wake Expressway. This developed into a 112km, interstate-grade beltway, known as the Raleigh Outer Loop, which will encompass Ral
  • Plans for Chile-Argentina tunnel progressing
    August 14, 2014
    Successful talks have been held between Chile and Argentina regarding the planned Agua Negra road tunnel that will link the two countries. Further talks will be carried out with regard to financing the project but these look set to be completed towards the end of August 2014, according to a report from Business News Americas. One option is for Argentina’s Government to pay for the construction with the costs being recovered through tolling but other financing solutions have also been discussed. The Agua Neg
  • A6 project between Weinsberg and Wiesloch/Rauenberg set to start
    January 26, 2017
    Work will soon start on the €1.3 billion project to widen a stretch of the A6 motorway, one of Germany’s most congested highways. Both sides of the motorway between the Weinsberg and Wiesloch/Rauenberg junctions will be expanded. On 25 km of the section being expanded under the project – altogether 47.1 km – the number of lanes will be increased from four to six. The project also encompasses the construction of the 1.3km-long Neckartal Bridge. Preparatory work for the public-private partnership has