Gyeongju City Passes Preliminary Feasibility Study for National Road No. 14 Expansion Project

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] The four-lane road expansion project for the 7.73 km section of National Route 14 connecting Gyeongju Oedong-eup and Munmu Daewang-myeon, and the 4.39 km section of National Route 14 connecting Oedong-eup and Beomseo-eup, Ulju-gun, has passed the government's preliminary feasibility study and the project will be launched in earnest.

The section of Old Route 14 connecting Oedong-eup to Munmu Daewang-myeon in Gyeongju City

According to the city, the Ministry of Economy and Finance held a Financial Project Evaluation Committee meeting on the afternoon of the 24th and announced the results of the preliminary feasibility study for candidate projects to be included in the five-year plan for national and local roads construction.

A total of 177 road construction, expansion, and improvement projects were analyzed for economic feasibility by the Korea Development Institute, and a comprehensive evaluation (AHP) was created through regional balanced development analysis conducted by the Financial Project Evaluation Subcommittee composed of private experts.

For the 7.73 km section of National Route 14 from Oedong to Munmu Daewang, the project involves improving and expanding the road alignment with a budget of 66.9 billion KRW. This section is the only national road connecting Oedong-eup and Munmu Daewang-myeon, but it is a road with a high risk of accidents due to narrow steep slopes and sharp curves.

Also, the 4.39 km section of National Route 14 from Oedong to Beomseo will be expanded from the existing two lanes to four lanes with a total project cost of 57.1 billion KRW. Upon completion, it is expected to contribute to the logistics transportation of industrial complexes and individual factories as well as alleviate traffic congestion during commuting hours.

Joo Nak-young, mayor of Gyeongju, said, “Through the results of this Ministry of Economy and Finance Financial Project Evaluation Committee meeting, we have overcome the major hurdle of passing the preliminary feasibility study,” and added, “We will focus administrative efforts to ensure that these projects are reflected in the early construction priority of the 5th five-year plan.”

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