Ulsan Urban Railroad Line 1 Construction Project Feasibility Reassessment Passed... Target Opening in 2029
The Ministry of Land, Infrastructure and Transport announced that the Ulsan Urban Railway Line 1 construction project passed the feasibility re-evaluation at the Ministry of Strategy and Finance's Fiscal Project Evaluation Committee held on the 23rd.
The Ulsan Urban Railway Line 1 construction project is the first urban railway project to be promoted in Ulsan Metropolitan City. It connects a 10.99 km section (15 stations) from Taehwagang Station (Donghae Nambu Line) through Gongyeoptap Rotary to Sinbok Rotary.
Although it passed the preliminary feasibility study in May 2005, the traffic demand forecast for the urban railway network construction plan decreased compared to the preliminary feasibility study, leading to a feasibility re-evaluation conducted in February 2021.
With the Ulsan Urban Railway Line 1 project, a long-cherished project, passing the feasibility re-evaluation this time, Ulsan City plans to promptly proceed with follow-up procedures such as establishing basic and project plans, aiming to start construction in 2026 and open in 2029.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- After Losing Her Only Daughter, a Mother in China Gave Birth to Twins at 60... Reinventing Life at 76
- KOSPI Drops Over 3% Intraday, Falls Below 7,300 Mark
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
Kang Hee-eop, Chairman of the Metropolitan Area Wide-area Transportation Committee at the Ministry of Land, Infrastructure and Transport, stated, "With the passage of this feasibility re-evaluation, the construction of an urban railway network connecting the Busan~Yangsan~Ulsan metropolitan railway and the Donghae Line (Taehwagang Station) has gained momentum, and it is expected that a pleasant and safe railway-centered public transportation era will open in Ulsan City."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.