Gyeonggi-do Allocates 72.1 Billion KRW for 20 Road Projects in the 2nd Supplementary Budget

"Focused Investment on Regional Balanced Development and Alleviation of Chronic Congestion Sections"

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province announced on the 25th that it "plans to allocate a budget of 72.1 billion KRW for road construction projects in the 2nd supplementary budget, focusing on creating a better road environment."

This supplementary budget represents a 64% increase compared to the 112.7 billion KRW main budget of 2021, utilizing national subsidies of 10.2 billion KRW, contributions of 11.5 billion KRW, and provincial funds of 50.4 billion KRW.

Looking at the specific project budgets, 43.1 billion KRW has been allocated for 11 national and local roads (Gukjido) projects including Onam~Sudong, and 29.0 billion KRW for 9 local road projects such as Jinwi Station~Osan City boundary (East-West Axis 1).

For new projects, 2.1 billion KRW will be invested in three locations including local road Anjung~Joam (Section 2) and national and local roads Gangha~Gangsang. Completed projects include one local road section Bulhyeon~Sinjang with 5.0 billion KRW, projects starting construction include three national and local road sections such as Gunnae~Naechon with 3.9 billion KRW, and ongoing construction projects include 13 national and local road sections such as Docheok~Silchon with 61.1 billion KRW.

By region, 41.1 billion KRW has been allocated for 12 projects in the northeastern area including national and local roads Jangheung~Gwangjeok and local roads Hwado~Unsu, and 31.0 billion KRW for 8 projects in the southwestern area including national and local roads Galcheon~Gasu and local roads Gongdo~Yangseong (Section 1). The focus is on balanced regional development and resolving habitual congestion sections.

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