Summary

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Classification Business details
Date of establishment May 4th, 2006
Capital 49 billion won
Shareholder constitution Korea Expressway Corporation(51%), National Pension Services(49%)
Total investment cost 12.66 trillion won
Location First stop Jwa-dong, Haeundae-gu, Busan, Korea
Last stop Gulhwa-ri, Beomseo-myeon, Ulju-gun, Ulsan, Korea
Length and number of lanes Length 47.17km
Number of lanes 6 lanes, both direction (41.14km)
4 lanes, both direction (6.03km, Haeundae ->Haeundae· Songjeong Office)
Business period Construction period 2001. 11. 29 ~ 2008. 12. 29
* Private construction : 2006. 8. 4 ~ 2008. 12. 29
Operation period 2008. 12. 29 ~ 2038. 12. 28 (30 years)
Operation period BTO(Build-Transfer_Operate)
Facilities Interchange Haeundae, Gijang, Jangan, Onyang, Cheongnyang, Munsu
Intersection Ulsan
Service station Jangan Service Station (upward·downward)
Service station Haeundae·Songjeong, Gijang·Ilkwang, Jangan, Onyang, Cheongnyang, Munsu, Ulsan
Bridge hoiyadaegyo(1,020m) and 69 others (total of 8,534m, 18.1% of the entire length)
Tunnel Munsu Tunnel(1,527m) and 5 others (total of 3,487m, 7.4% of the entire length)

What We Offer

Time History
Oct 1996 ~ Sep 1997 Fundamental design (including validity study)
Dec 1997 ~ Dec 1999 Practice design (Zone 1, (L=4.02km))
Dec 1997 ~ Nov 1999 Practice design (Zone 2, (L=5.6km))
Dec 1997 ~ Oct 1999 Practice design (Zone 3, (L=34.72km))
Sep 1999 ~ Sep 2000 Design construction zone in all or none basis (Zone 9 (L=2.89km) including highway extension construction between Eonyang and Ulsan (L=3.695km))
Dec 2000 Notification of road zone decision
Nov 2001 Construction begun
Jun 2002 Environmental effects evaluation completed
Nov 2004 Basic plan notification of private investment business (Ministry of land, transport and maritime affairs, No. 2004-319)
May 2005 Negotiators assigned and notified (Ministry of land, transport and maritime affairs → Korea Expressway Corporation)
Apr 2006 Board of committee of the Korea Expressway Corporation decided to invest 51% of the share of Busan-Ulsan Expressway Inc.
- Capital of KRW 49 billion (Korea Expressway Corporation : KRW 25 billion, National Pension service : KRW 24 billion)
May 2006 Corporate foundation (Busan-Ulsan Expressway Corporation)
May 2006 Busan-Ulsan private investment transition agreement (Ministry of land, transport and maritime affairs ↔ Korea Expressway Corporation·National Pension service)
Jul 2006 Plan approved (Ministry of land, transport and maritime affairs → SPC)
Jul 2006 Consignment agreement and property transfer agreement signed (SPC ↔ The Korea Expressway Corporation)
Aug 2006 Private investment construction begun
29 Dec 2008 Construction begun
29 Dec 2008 Opening