Mar 10 • 05:50 UTC 🇰🇷 Korea Hankyoreh (KR)

Extension of Line 5 from Gimpo to Geomdan, Wirye-Shinsa Line Passes Preliminary Feasibility Study... Relaxation of Feasibility Standards in 27 Years

The extension of Seoul Line 5 and the construction of the Wirye-Shinsa Line have passed a preliminary feasibility study, with changes to feasibility standards made for the first time in 27 years.

On October 10, the construction plans for the extension of Seoul's Line 5 from Gimpo to Geomdan and the Wirye-Shinsa Line successfully passed the preliminary feasibility study (PFS) conducted by the Ministry of Economy and Finance. This significant decision was made during the third fiscal project evaluation committee meeting, led by the acting Minister of Economy and Finance. The approved projects aim to enhance public transportation in the capital region and alleviate congestion. The Line 5 extension project will extend 25.8 kilometers from Banghwa Station in Gangseo-gu to Gimpo Han River New Town, with an estimated cost of 3.56 trillion won, while the Wirye-Shinsa Line will span 14.74 kilometers and connect the Wirye New Town with Sinsa Station in Gangnam.

Additionally, the government has selected five major projects for feasibility studies. These include the extension of Metro Line 8 from Seongnam Moran Depot to Pangyo Techno Valley, the establishment of the Marine Police Training Institute, and the construction of a national marine city science museum. Notably, the construction of the Gadeokdo new airport railway connection aims to improve access to the Gadeokdo airport and reduce transportation distances for railway logistics in southeastern regions including Busan and Ulsan.

Moreover, the government has taken the significant step of easing the standards for conducting feasibility studies for social overhead capital (SOC) projects, raising the total project cost threshold from 500 billion won to 1 trillion won, along with an accompanying increase in the required national support. This adjustment, in response to inflation and growing fiscal needs, signifies an effort to expedite vital infrastructure projects and address public transportation bottlenecks in the rapidly growing metropolitan area.

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