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Korea Intelligence | Infrastructure/Transportation
MOLIT 4th Mid-Term Transportation Infrastructure Investment Plan On October 20, the Ministry of Land, Infrastructure, and Transport (MOLIT) announced its “4th Mid-Term Transportation Infrastructure Investment Plan” (제 4차 중기교통시설투자계획), accounting for the period 2016 to 2020. The plan details 131.7 trillion KRW in spending over the period, most of which will be spent on roads and railroads. According to MOTIE, the three major goals of the plan are as follows:
Data MOLIT, Table and Translation KBLA
Eighty percent of the plan will be budgeted toward roads and railroads, with a similar percentage going towards ongoing operations.
Data MOLIT, Table and Translation KBLA
The following are the major projects highlighted by MOLIT over the next several years.