Kumho Construction Wins 63 Billion Won Daegu Metropolitan Road Project Contract

Section 2 of the Joyadong?Dongmyeong Metropolitan Road
Total Construction Period: 60 Months

Kumho Construction has secured the construction contract for a metropolitan road project worth 63 billion won, commissioned by the Daegu Metropolitan City Urban Construction Headquarters.

On September 11, Kumho Construction announced that it had been awarded the contract for Section 2 of the Joyadong-Dongmyeong Metropolitan Road Construction Project, commissioned by the Daegu Metropolitan City Urban Construction Headquarters.

This project involves building a new road connecting Obong-ro in Joyadong, Buk-gu, Daegu, passing through the Donam Public Housing District, and extending to National Route 79 in Chilgok-gun, Gyeongsangbuk-do.

Kumho Construction will be responsible for Section 2, which covers the segment from Joyadong to the Donam District. The company plans to construct a 3.5-kilometer, four-lane road, including two tunnels and three bridges. The total project cost is approximately 63 billion won. Kumho Construction, holding a 71% stake, will lead the construction, while Seohan will participate as a joint partner with a 29% stake. The construction period is set for 60 months.

The 'Joyadong-Dongmyeong Metropolitan Road Construction Project,' a long-awaited initiative in Daegu, will span a total length of 7.9 kilometers, with a width of 20 meters and four lanes in both directions. Once completed, the new metropolitan road network is expected to connect northern Daegu with the northern regions of Gyeongsangbuk-do, such as Gunwi and Andong, thereby easing traffic congestion. It is also anticipated to serve as a key connecting road to the upcoming Daegu-Gyeongbuk New Airport.

A Kumho Construction representative stated, "Through this project, we will establish a core transportation network linking Daegu and northern Gyeongsangbuk-do, contributing to alleviating traffic congestion in northern Daegu. We will continue to provide safe and high-quality infrastructure based on our accumulated construction experience and technical expertise."