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- Operations
- Sinhung-Songgwan Road Project
Sinhung-Songgwan Road Project
Korea DPR
| Borrower | Korea DPR |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Transportation |
| Approved | 28.08.2001 |
| Signed | 10.10.2001 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Ministry of Land and Environmental Protection |
| Co-financiers | Government |
| OPEC Fund Contribution (US$m) | 4.74 |
| Total Project Cost (US$m) | 7.52 |
Under the project, five segments of the 42.8 km-long road will be upgraded based upon the results of a survey and design study conducted on each section, taking into account topography, pavement condition and drainage capability, as well as current and projected vehicle loads. Safety barriers and drainage works in flood-prone areas will be installed, and a maintenance program implemented.
The newly renovated road will offer a more efficient and less expensive means of transport, providing farmers with improved access to inputs and marketplaces and giving a much-needed boost to incomes.