Busan City Officially Begins Construction of 'Gwangandaegyo Bridge Access Road Connection Project'
Total Project Cost of 39 Billion KRW, Construction Started in January This Year, Completion Target December 2025
Access Roads and Smart Tolling System Construction ... Traffic Congestion Relief and Regional Tourism Revitalization
The 'Gwangandaegyo Access Road' to alleviate traffic congestion in the Centum City and New Town areas of Haeundae-gu, Busan, is set to begin full-scale construction.
Busan City will hold a groundbreaking ceremony for the 'Gwangandaegyo Access Road Connection Project' at 2:30 PM on the 20th at Olympic Park in Haeundae-gu.
The ceremony is expected to be attended by about 200 people, including Mayor Park Hyung-joon, local members of the National Assembly, district heads, city council members, and residents.
The Gwangandaegyo Access Road Connection Project involves a total budget of 39 billion KRW and includes the construction of a 276-meter 'access ramp' connecting the BEXCO tollgate to the Centum City underground road, and a 284-meter 'surface road' (underpass) connecting the Centum underground road to Olympic Hills Intersection. Construction began in January this year, with completion targeted for December 2025.
Upon completion, vehicles traveling from Jangsan-ro in Haeundae towards Wondong IC will be able to use the Centum underground road directly without passing through Olympic Intersection or Centum City Intersection. Additionally, traffic on Suyeong Riverside Boulevard will be able to reach Olympic Park without passing through Centum City Intersection, which is expected to significantly improve traffic congestion in the Suyeong Riverside Boulevard and Haeundae-ro areas.
The city plans to dismantle the current tollgates on Gwangandaegyo (BEXCO and Suyeong Riverside tollgates) and implement a 'Smart Tolling System.'
The Smart Tolling System automatically charges tolls by recognizing the license plates of passing vehicles, allowing vehicles without Hi-Pass to pay tolls without slowing down or stopping, which is expected to alleviate tollgate congestion and improve safety.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Sold Everything Fearing Bankruptcy, Then It Soared 3,900 Times: How a Stock Once Feared for Delisting Became an AI Powerhouse"
- Court Partially Grants Samsung Electronics' Injunction to Prohibit Industrial Action... 100 Million Won Penalty Per Day for Violations
- [US-China Summit] China to Purchase $17 Billion in US Agricultural Products Annually...Real Gains for Beijing
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
Mayor Park Hyung-joon stated, "Once the Gwangandaegyo Access Road Connection Project and Smart Tolling System are completed, it will greatly contribute not only to easing vehicle congestion through traffic volume dispersion and securing detour routes in the Centum City area and Haeundae but also to revitalizing local tourism."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.