Seoul∼Chuncheon Expressway Toll Subsidy Likely to Be Reduced

Toll Fee Support Administrative Association Meeting on 25th... Adjustment of Support Amount

Namchuncheon Tollgate [Provided by Chuncheon City]

[Asia Economy Reporter Ra Young-cheol] The toll support amount for residents of five cities and counties (Chuncheon, Hongcheon, Yanggu, Hwacheon, and Gapyeong in Gyeonggi Province) due to the toll reduction on the Seoul~Chuncheon Expressway (61.4 km) is expected to decrease.

Chuncheon City announced on the 22nd that "the 'Chuncheon Area Seoul~Chuncheon Expressway Toll Support Administrative Council' will hold a meeting in the small conference room of the city hall on the 25th to adjust the toll support amount."

The toll discount is provided by submitting toll booth receipts or Hi-Pass cards to nearby community centers, where refunds are given based on distance with section discounts applied.

As of the end of last year, approximately 1.6 billion KRW remains in the regional development fund, including interest.

The toll for the section was reduced on December 24 last year from 5,700 KRW to 4,100 KRW for passenger cars, and from 9,500 KRW to 7,000 KRW for large freight vehicles.

Accordingly, the council composed of five local governments plans to decide on adjusting the toll support amount as well as the 2020 regional development fund settlement and the 2021 fund operation plan.

Meanwhile, the Seoul~Chuncheon Expressway toll support has been covered by a regional development fund of 6 billion KRW donated by private companies involved in the expressway construction in 2009?2010, following complaints from residents of the five cities and counties that the toll was more expensive than other expressways at the time of opening.

The companies that contributed to the regional development fund are five construction firms: Hyundai Development Company (3 billion KRW), Lotte Construction (840 million KRW), Hyundai Construction (1.2 billion KRW), Hanil Construction (480 million KRW), and Korea Development (480 million KRW).

A Chuncheon City official said, "The support amount last year was about 820 million KRW, and if this trend continues, the fund may be completely depleted within 2 to 3 years."

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