North Korea’s new highway link

A new highway is to be built in North Korea, connecting Hamhung with Wonsan. The 112km highway project is being split into five sections for the tender process, which is being handled by a Chinese firm. Funding is being supplied by China for the project. Construction is expected to start in the second quarter of 2019, with the completion date set for the second quarter of 2022. The project does face a number of challenges however, not the least of which is how equipment will be provided for the work give th
January 21, 2019 Read time: 1 min

A new highway is to be built in North Korea, connecting Hamhung with Wonsan. The 112km highway project is being split into five sections for the tender process, which is being handled by a Chinese firm. Funding is being supplied by China for the project. Construction is expected to start in the second quarter of 2019, with the completion date set for the second quarter of 2022. The project does face a number of challenges however, not the least of which is how equipment will be provided for the work give the sanctions process in place for North Korea

Finance & Funding

Related Content

  • Futureproofing UK construction equipment resilience
    May 5, 2021
    Rob Oliver is the longstanding CEO of the Construction Equipment Association (CEA), the UK trade association for the UK construction equipment industry. Guy Woodford recently caught up with him to discuss the industry’s health and the key issues facing the CEA and its members in 2021 and beyond.
    Read More
  • Serbia road project, funding secured
    February 19, 2019
    Construction of the 77km-long Merdare-Nis highway in Serbia is to benefit from external financing. A funding package worth €100 million is being supplied by the European Investment Bank (EIB) for the project. The funding will pay for work on a stretch of the route between Plocnik and Nis in southern Serbia. The highway will improve transport connections with neighbouring Kosovo when it is complete. This project forms part of a series of road building operations in the region, with extensive work having been
    Read More
  • Czech Republic highway deal for consortium
    October 8, 2020
    A highway deal in the Czech Republic will be handled by a consortium.
    Read More
  • Austria's new tunnel meets safety regulations
    July 13, 2012
    New safety regulations and high traffic volumes require new tunnel construction all across Europe. Mike Woof reports Anew highway tunnel now being built in Austria will boost traffic volumes and safety standards on a key European route. The existing Pfänder Tunnel lies close to Austria's borders with Germany and Switzerland and carries a heavy traffic volume, so a new parallel tunnel is under construction to help spread this load, increasing capacity as well as safety. Stringent tunnel safety standards have
    Read More

Highlighted Content