Namyangju City Pursues Second Gyeongchun National Road Connection Private Investment Road Project

[Suwon Ilbo=Reporter Um In-yong] Namyangju City announced on the 24th that in relation to the Second Gyeongchun National Road construction project passing the Ministry of Economy and Finance's Financial Project Evaluation Committee's 'Business Plan Appropriateness Reexamination Review,' the city will maximize the effect of traffic network improvement by linking it with the 'Second Gyeongchun National Road Connection High-Speed Road Private Investment Project' currently being pursued.

Through the Ministry of Economy and Finance's business plan appropriateness reexamination review, the total project cost increased by 612.5 billion won to 1.898 trillion won, reflecting improvements including installation of grade-separated interchanges and lane width expansion, bringing new momentum to project implementation.

The project is being pursued by the city as the responsible authority and is a 11.2km high-speed road connecting Donghopyeong IC to the Second Gyeongchun National Road.

To date, the project has passed the Korea Development Institute (KDI)'s private investment project feasibility assessment, securing feasibility and private investment eligibility, and is proceeding with administrative procedures for smooth project implementation, including business viability improvements.

When the two projects are linked, traffic convenience is expected to improve dramatically, including △resolution of National Route 46 congestion △shortened travel time from Hwado-eup to Seo-myeon, Chuncheon City (60 minutes → 25 minutes) △traffic distribution of Seoul-Yangyang Expressway. Mayor Ju Gwang-deok stated, "The Second Gyeongchun National Road and the Second Gyeongchun National Road connection private investment road are core infrastructure to lead traffic innovation for citizens of Namyangju and the northeastern region of the Seoul metropolitan area," and added, "Through organic linkage of the two projects, we will create new momentum for regional development."