Korea strategy

South Korea is setting an ambitious transport and infrastructure budget for 2010. The country intends to invest US$52.51 billion on projects for new roads and highways, as well as rail and port developments.
Highway & Network Management / February 6, 2012
South Korea is setting an ambitious transport and infrastructure budget for 2010. The country intends to invest US$52.51 billion on projects for new roads and highways, as well as rail and port developments. These include existing projects carried over from 2009 as well as new projects and the South Korean Government intends to carry out these projects under the build-transfer-operate or build-transfer-lease systems. Private investment is being sought and the aim is to help boost the country's economy.

One of the key projects is for an upgrade to an 11km section of the second Gyeongbu Expressway between Gangdong and Namhan Fortress. This will be built underground to reduce the environmental impact of the Expressway, according to the country's Transport Ministry on 1 February 2010. The work will involve building the 3km section between Gangdong and West Hanam Interchange underground. And an 8km stretch crossing the Namhan Fortress Provincial Park will also be built underground. Meanwhile plans are in hand to build a new bridge spanning the Han River in capital Seoul. Of note is the fact that this new bridge will have a two-way bicycle-only lane. The cable-stayed bridge will be called the World Cup Bridge and is expected to cost $ 309.36 million. Bidding is now open and the project is due for completion by 2015 while construction is due to start in April 2010. The bridge will be 1.9km long, will feature six lanes and will link Yeongdeungpo and Mapo.