Namyangju City Secures Feasibility and Eligibility for Second Gyeongchun Connection Private Investment Road... Green Light for Project Advancement

[Suwon Ilbo=Eom In-yong Reporter] Namyangju City announced on the 9th that the 'Namyangju Second Gyeongchun Connection Private Investment Road' project, with a total length of 11.2km connecting the Dongho Pyeong Interchange (Suksuk Hyeongpyeong Expressway) and the Second Gyeongchun National Road, has received a green light.

This comes after the expressway project achieved feasibility and private investment eligibility approximately 1 year and 6 months after a private contractor submitted a proposal in 2023 and Namyangju City expressed strong commitment to advancing it, following the eligibility review for private investment projects by the Korea Development Institute (KDI) Public Investment Management Center.

Accordingly, the city plans to minimize fiscal burden while leveraging the advantages of private investment methods and comprehensively review the stability of investment structure and project feasibility.

In particular, the city plans to coordinate project advancement schedules to maximize connectivity between the two roads by taking into account the timeline and opening date of the Second Gyeongchun National Road project being pursued by the Seoul Regional Department of Land, Infrastructure and Transport, among others.

Upon completion of the Second Gyeongchun Connection Private Investment Road project, it is expected that congestion on National Route 46 will be alleviated, and east-west traffic flow connecting Seoul and Chuncheon will see significant improvement.

Mayor Ju Gwang-deok stated, "This road will be a critical infrastructure foundation leading future urban development by enhancing accessibility for Namyangju citizens to areas such as Seoul and Chuncheon," and added, "Through organic linkage with the Second Gyeongchun National Road, we will improve the overall traffic system and simultaneously enhance both citizens' mobility convenience and regional growth potential."