Daegu City Confirms Construction of 'Urban Railway EXCO Line' ... Scheduled for Completion in 2028

Ministry of Economy and Finance's Preliminary Feasibility Study Passed... Production Induction Effect Reaches 1.2472 Trillion Won
Suseong District Sports Complex Station to Dong-gu Isiapolis 12.3 km Section

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Daegu City announced on the 29th that the 'EXCO Line Construction Project,' connecting Suseong-gu Civic Stadium Station on Urban Railway Line 3 and Dong-gu Esiapolis, has passed the final preliminary feasibility study review by the Ministry of Strategy and Finance's Fiscal Project Evaluation Committee.

The 'Daegu Urban Railway EXCO Line Construction Project' is a 12.3 km section project connecting Line 3 Suseong-gu Civic Stadium Station → Line 2 Beomeo Station, the central business district → Line 1 Dongdaegu Station near Dongdaegu Venture Valley → the site of the Gyeongbuk Provincial Government Office and Gyeongbuk National University area to be developed as an urban convergence special zone → EXCO → Esiapolis.

This section will include 10 stations, including three transfer stations connecting with existing Lines 1, 2, and 3. The project will use the same monorail system as Line 3, with a total budget of 671.1 billion KRW (402.7 billion KRW national funds, 268.4 billion KRW local funds). The target completion year is 2028.

Once the EXCO Line is constructed, it is expected to greatly help alleviate traffic congestion in the eastern and northern areas, which are blind spots in the urban railway network. Currently, major arterial roads connecting the downtown area (Jung-gu, Suseong-gu) and the outskirts (Dong-gu, Buk-gu), such as Dongbuk-ro, Gonghang-ro, and Dongdaegu-ro, are already saturated with traffic.

Daegu City prioritized the EXCO Line as the top project in the 'Urban Railway Network Construction Plan' and received approval from the Ministry of Land, Infrastructure and Transport in July 2018. Due to continuous advocacy for the necessity of the EXCO Line, it was selected as a preliminary feasibility study project by the Ministry of Strategy and Finance's Fiscal Project Evaluation Committee in August 2018.

From October 2018, during the preliminary feasibility study conducted by the Ministry of Strategy and Finance and the Korea Development Institute (KDI), thorough logical development on project feasibility was pursued with continuous understanding and persuasion efforts. Supported by the interest and hopes of local residents, the project finally passed the preliminary feasibility study, according to Daegu City.

It was analyzed that the construction of the EXCO Line will generate a total production inducement effect of 12.472 trillion KRW, a value-added inducement effect of 5.002 trillion KRW, an employment inducement effect of 12,203 people, and a job inducement effect of 10,256 people.

Daegu Mayor Kwon Young-jin said, "The passing of the EXCO Line preliminary feasibility study is a precious result achieved through the hopes of 2.5 million Daegu citizens who are wisely overcoming difficulties caused by COVID-19 and the joint efforts of the local political community," adding, "I hope this preliminary feasibility study approval will be a signal for the recovery of the stagnant local economy."

This content was produced with the assistance of AI translation services.