'Ichon~Osan Expressway' Completed 5 Years After Groundbreaking... Full Section Opens on the 21st
Total Length 31.2 km, 4 Lanes... Improving Traffic Conditions in the Southern and Eastern Metropolitan Areas
[Asia Economy Reporter Ra Young-cheol] The 'Icheon~Osan Expressway' will be fully opened at midnight on the 21st, five years after construction began.
According to Gwangju City on the 18th, the 'Icheon~Osan Expressway' private investment project section is a 31.2 km long, 4-lane road passing through Hwaseong Dongtan~Seoyongin~Pogok~Gwangju Docheok.
The Icheon~Osan Expressway connects Gwangju City and Hwaseong City via the shortest route, reducing travel time by about 32 minutes compared to existing roads, raising expectations for improved traffic conditions in the southern and eastern metropolitan areas.
A total project cost of approximately 1.5 trillion KRW was invested in this private investment project, with Hwaseong Gwangju Expressway Co., Ltd. in charge of implementation and GS Construction as the contractor.
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Upon completion, the Icheon~Osan Expressway facilities will be donated to the state, and Hwaseong Gwangju Expressway Co., Ltd. will hold the management and operation rights for 30 years.
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