Hwaseong City Selects Preferred Negotiation Operator for Hwaseong-Osan Expressway Private Investment Project

[Suwon Ilbo=Reporter Jeong Jun-seong] Hwaseong City announced on the 6th that it has selected the ‘HL D&I Halla Consortium’ as the preferred negotiation operator for the Hwaseong-Osan Expressway private investment project with a total project cost of approximately 680 billion won, and the project has entered the full implementation stage.

This project involves constructing a four-lane bidirectional exclusive automobile road connecting approximately 13.3km from Hyangnam-eup in Hwaseong City to Geumam-dong in Osan City. Upon opening, it is expected to significantly contribute to alleviating traffic congestion in the southwestern Seoul metropolitan area, reducing travel time, and improving accessibility to industrial and residential areas.

In particular, it is projected to have significant ripple effects in various fields including integration of living zones between regions, enhancement of corporate logistics efficiency, and revitalization of the local economy.

The selection of the preferred negotiation operator is the result of comprehensive evaluation of technical sectors (business plan, construction plan, business management and operation plan), demand sector, and price sector. The HL D&I Halla Consortium was selected after receiving excellent evaluations in terms of project execution capability and business viability.

The city plans to begin negotiations with the preferred negotiation operator and implement administrative procedures in stages. Throughout the project implementation process, the city will prioritize securing safety, environmental protection, and minimizing inconvenience to residents.

The city plans to continuously pursue the Hwaseong-Osan Expressway project as well as regional transportation network construction projects including the Balan-Namyang and Maesong-Dongtan expressways, with the goal of promoting balanced development of the southwestern Seoul metropolitan area and strengthening transportation competitiveness.