Yongin City and Korea Expressway Corporation Sign Business Agreement for New 'Dongbaek IC' on Yeongdong Expressway

The city is responsible for project costs and compensation,
while Korea Expressway Corporation oversees construction and facility installation
Shortening expressway access by 7.2 km improves commuting conditions

On the 18th, Yongin City in Gyeonggi Province announced that it had signed a business agreement with Korea Expressway Corporation for the construction of the 'Dongbaek IC (tentative name)' on the Yeongdong Expressway.

The construction of Dongbaek IC involves installing a 1.1 km long ramp from 'Sido Route 3, Eondong-ro' in Cheongdeok-dong, Giheung-gu to the Yeongdong Expressway to improve accessibility to the Yeongdong Expressway for residents in the Dongbaek, Guseong, and Eonnam districts. Once the IC is installed, it will take about 8 minutes by car to travel the approximately 6.3 km section from the Dongbaek 3-dong Administrative Welfare Center in Giheung-gu to the Singal Junction on the Yeongdong Expressway. Compared to the current 13.5 km detour via the Maseong IC on the Yeongdong Expressway, this reduces the distance by 7.2 km and the travel time by 8 minutes.

According to the agreement, Yongin City will be responsible for the project costs and compensation. The city estimates that the project will cost about 113.7 billion KRW, including ▲28 billion KRW for design ▲46.3 billion KRW for compensation ▲64.6 billion KRW for construction. In particular, 29.5% of the project cost (estimated at 33.6 billion KRW) will be borne by Korea Land and Housing Corporation (LH), the project implementer for the Eonnam district, which is the site of the former Police University, as agreed with the city. If the total construction cost of the IC, scheduled to open in 2029, increases, LH’s share will also increase.

Korea Expressway Corporation will be in charge of design and permits, as well as construction and installation of operational facilities. Design will begin this year, with construction starting in 2027 and opening planned for 2029.

The construction of Dongbaek IC is a campaign pledge of Mayor Lee Sang-il in the 8th local government administration. In 2023, the city included this project in the '2024?2028 Medium-Term Local Finance Plan,' and in March of last year, it passed the local finance investment review. Subsequently, in October of last year, the Ministry of Land, Infrastructure and Transport gave final approval, stating that the economic feasibility and traffic impact meet the requirements for installing an IC.

Mayor Lee said, "This agreement allows us to fully launch the project," adding, "Since this is a long-awaited project for local residents, we plan to operate a cooperative system with related organizations to proceed swiftly."

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