- Oct 3, 2018
- 2,540
| TYPE | Infrastructure |
| COUNTRY | South Korea |
| PROJECT | KTX-Rail / Road Infrastructure |
| PROJECT COST | 1,800,000,000.00 |
| COMPLETION DATE | 21/1/2021 |
| PROJECT INFORMATION | All the project information has been outlined in KBS "National Assembly ₩1.9 trillion railway renovation," https://modernnations.com/threads/korean-broadcasting-system.16929/#post-67746 The project will invest $1.8 billion in a KTX high-speed railway and renovate the national highway (Gokdu) Project Breakdown KTX Program 1 billion USD Early 1998 Shall reduce total time of travel, comfort of the citizens, invest in rural communities through stations and rest stops both decreasing unemployment and raising consumption and spending. Easing travels during Chuseok, easing travels during other festive and holidays, reducing cost of attending universities in regional and national capital KTX Wage 100 million USD Immediately, to be implemented upon final completion of KTX project Incentives, train, and maintain drivers for the high speed railway. Ensuring them a dignified life with a stable wage rate to be increased with experience and years served. Shall ensure reduced probability of human error causing accidents KTX Maintenance Support 25 million Stockpile of spare parts initiated with arrival of first train-parts Avoid cannibalization of other trains and ensuring a high equality of engineers and spare parts to provide the maintenance and safety of trains operated by Korail. KTX service operations 50 million To be implemented upon full commercial opening of KTX Service operations shall be apart of the governments employment strategy with an expected 5,000 to be employed yearly in KTX-related actives outside of Korail. Gokdu (Nat'l Highway) 475 million USD Late 1997 The national highway system is a land-based investment program to develop roads and infrastructure across the country. This program like KTX is aimed at both civilian as well as corporate use. The roads will increase availability of goods from non-urban centers in urban communities, increase self-employment, support small businesses and start-ups, and assist Chaebols in advancing their domestic market access Gokdu Maintenance support 100 million USD Immediately The maintenance support is a major concern for the government, existing red flags must be addressed to avoid future costs. This shall reduce human negligence resulting in collapsed bridges, road cave-ins, and dangerous routes unattended. Gokdu serice station funding 50 million Immediately Service stations are expected to employ 15,000 by 1998 and over 50,000 by 2002. Shall have a positive effect on health, tourism, and infrastructure. Pushing CO2 reduction and reducing O3 pollutants that reduce the Ozone layer |
| PRIVATE / ENCRYPTED | No |
