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

  • ITF helping to plot the future of urban transport mobility
    December 2, 2013
    The 8th APEC Transport Ministers’ Meeting in Tokyo on 4-6 Septembersaw high-level discussions on how to enhance connectivity in the Asia-Pacific region through high-quality transport. As a guest, the International Transport Forum (ITF) was also heavily involved in the event, as Guy Woodford reports A transport Connectivity Map visualising Asia-Pacific’s ideal transport network in 2020, and a Quality Transport vision for the region encompassing convenience, safety, security, and sustainability, will b
  • US$268 million for Vietnam highway stretch
    August 7, 2024
    A US$268 million funding package will pay for a key Vietnam highway stretch.
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
  • Serbian road expansion
    March 21, 2012
    In Serbia some million is being spent on developing the Corridor 10 and 11 highways during 2012. The work being carried out by Serbian roads company Koridori Srbije will include the 22km Ipsilon arm on Corridor 10, which will run from Kelebija to Subotica.