South Korea highway deals struck

An optimistic tone in South Korea is seeing the construction of an expressway connecting Seoul and Munsan. The project is being carried out in a bid to boost trade with North Korea. This is in spite of the current uncertain political situation in North Korea. The expressway will connect South Korean capital Seoul to Munsan, which lies to the south of the Demilitarised Zone bordering North Korea. More private investment can be roped in via the plan to build the expressway. An environmental impact assessment

In the second half of 2014, the launch date for an expressway project connecting Sejong and Seoul will be announced by the South Korean government. The expressway is set to ease traffic congestion in the Jungbu and Gyeongbu motorways. The project will cost an estimated US$6.57 billion (KRW 6.7 trillion), with the expressway spanning 129kms. It is due for completion by 2022.

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.

Vietnam’s Ministry of Transport is prioritising the construction of the North-South expressway project. It is seeking the approval of the Vietnamese Government approval to speed up the development of a 713km stretch of the expressway. This particular section of the expressway is phase one of the project and has an estimated construction cost of US$ 5.73 billion. Just over half of the construction cost will be paid for by private investors while Government bonds are expected to pay for the remaining sum. Thi