▲ Map of the 2nd Yongin-Seoul Private Expressway Project
The Ministry of Land, Infrastructure and Transport announced today (October 2) that the 2nd Yongin-Seoul Private Expressway project, pushed to ease chronic traffic congestion on southern metropolitan area routes, has passed the private investment eligibility study conducted by the Public Investment Management Center at the Korea Development Institute.
This project involves constructing a roughly 9.6-kilometer deep-underground expressway exclusively for compact cars, connecting Seongbok-dong in Suji-gu, Yongin, Gyeonggi Province, to Gumto-dong in Sujeong-gu, Seongnam, with the goal of breaking ground in 2031.
It will be carried out as an "improvement and operation" type project, where investment costs are recovered through user fees for the entire facility after improving and expanding existing operating facilities.
Once the section opens, it is expected to separate long-distance commuters through the underground road, cutting commute times by about 17.6 minutes from the previous 23.7 minutes down to 6.1 minutes.
The ministry plans to swiftly advance the project by initiating follow-up procedures such as a strategic environmental impact assessment.
Kim Hyo-jung, head of the Road Bureau at the ministry, stated, "Now that the 2nd Yongin-Seoul Private Expressway has passed the private investment eligibility study, we will seamlessly execute follow-up procedures to dramatically improve accessibility to Seoul from southern Gyeonggi Province."
(Photo provided by Ministry of Land, Infrastructure and Transport, Yonhap News)
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