Expressway details

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Features of the expressway

  • The expressway is a main transportation in southeast area connecting Busan and Ulsan. It resolves the lack of capacity of the existing local roads no. 7 and no. 14 and expands the connective transporting route in Daegu·Pohang area and Busan·Ulsan area as well as the improving the effectiveness and fluidity of the distribution support system via interactive connection of local road and expressway.
  • The connection among the Gwangandaero, east-west overpass and principal road is established.ing route in Daegu·Pohang area and Busan·Ulsan area as well as the improving the effectiveness and fluidity of the distribution support system via interactive connection of local road and expressway.
  • The connection among Myeongji, Noksan, and Sinho industrial complex, new Gadeokdo harbor, and Ulsan industrial complex is established.fluidity of the distribution support system via interactive connection of local road and expressway.
  • Every efforts were given to build the most eco-friendly express way to coexist with the nature from the route selection to design for the most valuable property of ours, the nature and environment.
    - Major soil section was turned into the NATM tunnel (304m/1 site) and open tunnel (PAB tunnel – 368m/2 sites) to provide a route for animals and minimize the environmental destruction.
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Effects

  • Promote tourism development at the eastal coast and delivery of industrial properties
  • Enable balanced local development via connection of megalopolis, Busan and Ulsan
  • Reduce 27 minutes of travel time (57 min. → 30 min.) and distribution costs of KRW 236.2 billion/year
  • Achieve green growth with low cargon generation (24,552 tons of carbon dioxide per year reduced)
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What is BTO expressway?

  • BTO(Build-Transfer-Operate) Expressway refers to a road constructed by a private company on private capital and operated by tolls of users based on the management right given by the government.
  • The tolls of BTO expressway are relatively high compared to the public expressway to reclaim the investment in certain period.
  • There have been errors due to the uncertainty of needs previously when no systemic national traffic database was available, accurate prediction of traffic needs has become available now by establishing the national traffic database and reexamination of needs.
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Advantages of BTO expressway

  • Provide convenience by opening a road at appropriate time
    BTO expressway contributes to the improvement of user convenience and relieving the traffic load by establishing important roads of which the construction has been delayed due to the limited government budget.
  • Reduce government budget and give vitality to the national economy
    BTO expressway helps reduction of the government budget by building social overhead capital facilities such as roads and railways with overflow capital of the private parties. Also, transit time and costs are saved to activate industrial facilities such as factory and tour industry to contribute to the local economic development.