Gyeonggi-do, Toll Increase on Three Private Roads Deferred This Year

Ilsan Bridge, 3rd Gyeongin Expressway, Seosuwon~Uiwang Expressway
Government Measures for Price Stabilization and Relief of Financial Burden on Low-Income Households

Ilsan Bridge [Goyang-si]

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province announced on the 1st that it will "postpone the toll increase for the 'Ilsan Bridge', '3rd Gyeongin Expressway', and 'Seosuwon~Uiwang Expressway' managed by the province."

This measure is in response to the government's efforts to stabilize prices, such as the reduction of fuel tax and freezing of public utility fees, as well as to alleviate the burden on the working-class economy. Users of the three private expressways will pay the same tolls as last year without any additional costs this year.

Previously, the province decided to postpone the toll increase after accepting the opinion of the Provincial Council, which stated that "the timing of the toll increase should be delayed considering the rising oil prices and the difficult working-class economy due to COVID-19."

According to the province, the three private expressways are required to adjust tolls annually by reflecting changes in the consumer price index, based on the implementation agreement signed between Gyeonggi Province and the private operators.

Yoon Seok-tae, Director of the Road Policy Division, said, "The toll increase for the three private expressways will be adjusted in consultation with the project operators, considering future economic conditions such as price fluctuations."

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