Seongnam City to Reapply for Preliminary Feasibility Study on Subway Line 8 Extension to Pangyo
Reapplying with Enhanced Economic Feasibility
to Realize the Long-Awaited Project
Seongnam City in Gyeonggi Province (Mayor: Shin Sangjin) announced on October 2 that it plans to reapply for the extension of Subway Line 8 to Pangyo as a candidate project for the preliminary feasibility study (pre-feasibility study) in December, in order to ensure the realization of this long-awaited project for its citizens. The city intends to thoroughly prepare by developing supplementary measures to improve the project's economic feasibility (B/C ratio).
Originally, Seongnam City had planned to apply for the pre-feasibility study last month. However, the application was postponed due to delays in the release of the National Transport Database (KTDB)-a key resource for transportation demand analysis-and to ensure that the economic impact of large-scale development projects such as the Baekhyeon MICE project in Jeongja-dong and the Posco Holdings development at Bokjeong Station would be reflected in the economic feasibility evaluation.
Since February 2024, the city has been conducting a preliminary feasibility service, continuously preparing measures to strengthen economic feasibility by reflecting development demand, devising ways to reduce construction costs, and seeking expert advice from the Railway Project Advisory Group.
The extension project for Subway Line 8 will stretch the line by 3.78 kilometers from Moran Station, the current terminus, to Pangyo Station. If the project passes the pre-feasibility study, Seongnam City will be able to secure 293.5 billion won in national funding out of the total project cost of 489.1 billion won, significantly reducing the city’s financial burden and accelerating the project’s progress.
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A Seongnam City official stated, "Securing national funding is crucial for railway projects, and passing the pre-feasibility study is essential. We will prepare thoroughly to ensure the project passes the review and will proceed without delay to improve citizens’ transportation convenience and expand the railway network."
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