Korea Rail Network Authority to Invest 708.2 Billion KRW in Chungcheong Region Railway Projects This Year

The Korea Rail Network Authority announced on the 25th that it will invest a budget of 708.2 billion KRW in eight high-speed and conventional railway construction projects to be promoted in the Chungcheong region this year.

Construction Project Status Data to be Promoted in the Chungcheong Region This Year. Provided by Korea Rail Network Authority

The projects allocated budgets include two high-speed rail projects: Pyeongtaek~Osong double track and the second phase of the Gyeongbu High-Speed Line Daejeon North Connection Line, and six conventional rail projects: Seohae Line double track electrification, Icheon~Mungyeong railway construction, Poseung~Pyeongtaek railway construction, Janghang Line (Sinchang~Daeya) double track electrification, Janghang Line improvement phase 2, and the relocation of the Daejeon Rolling Stock Technology Team access railway.

First, a total of 186.7 billion KRW is expected to be invested in the Pyeongtaek~Osong double track project (150.5 billion KRW) and the second phase of the Gyeongbu High-Speed Line Daejeon North Connection Line project (36.2 billion KRW).

Additionally, a total of 521.5 billion KRW is expected to be invested within the year in the six conventional railway projects.

Kim Han-young, Director of the Korea Rail Network Authority, said, “We will ensure that this year’s railway budget for the Chungcheong region is effectively executed to contribute to revitalizing the local economy and creating jobs,” and added, “Above all, we will carry out the scheduled railway projects without delay so that the Chungcheong region can leap forward as a mega city comparable to the metropolitan area.”

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