Table of Contents
- Hwangryeong 3 Tunnel construction, delayed again due to feasibility reexamination
- Project overview and current status
- Increase in project costs and Ministry of Strategy and Finance's feasibility reexamination
- Delay in opening is inevitable
- Hwangryeong 3 Tunnel, key to solving Busan's traffic but needs more time
- Frequently Asked Questions (FAQ)
Hwangryeong 3 Tunnel construction, delayed again due to feasibility reexamination
The Hwangryeong 3 Tunnel construction, which was expected to solve Busan's traffic problems, is facing difficulties.
The project, initially aimed for completion in 2030, now requires a feasibility reexamination by the Ministry of Economy and Finance due to increased project costs. As a result, the opening schedule is expected to be delayed by at least one year.
For basic information, detailed route plans, and initial designs of the Hwangryeong 3 Tunnel, please refer to the previous post.
Project overview and current status
The Hwangryeong 3 Tunnel construction project is an important transportation infrastructure initiative that creates a new 4.11km section of 4-lane road connecting the Sinri Intersection in Yeonje-gu to Hwangryeong Road in Nam-gu.
The total budget for this project is 369.6 billion won, of which 139.8 billion won is government funding and 229.8 billion won is city funding. The project is expected to proceed from 2023 to 2031, and upon completion, the travel time from Yeonsan Intersection to Daenam Intersection is expected to be reduced from 35 minutes to 15 minutes, achieving a significant reduction of 20 minutes.
In July 2021, the Ministry of Land, Infrastructure and Transport designated it as a congestion road in metropolitan areas and confirmed government funding for the project. Subsequently, the preliminary feasibility study was passed in August 2022, and basic and detailed design services started in 2023.
However, adjustments in the design became necessary due to local residents' requests for noise and dust cover installations and ramp location changes near Daenam Cho. This process of gathering residents' feedback is important for the smooth progress of the project.
Increase in project costs and Ministry of Strategy and Finance's feasibility reexamination
The city of Busan is requesting an increase of a total of 125.6 billion won (16.3%) due to additional costs of 60.3 billion won resulting from design changes and 65.3 billion won due to inflation and increases in land prices.
This request meets the criteria for a feasibility reexamination, as per the National Finance Act, which stipulates that if the project cost increases by more than 15%, a feasibility reexamination must be conducted. Consequently, the Ministry of Economy and Finance has included the Hwangryeong 3 Tunnel project in the list for feasibility reexamination since last August.
Subsequently, the Korea Development Institute (KDI) Public Investment Management Center (PIMAC) is set to reanalyze the project's policy effects and economic viability over approximately nine months. Meanwhile, the city of Busan is simultaneously commissioning the Busan Research Institute to examine policy effects and prepare countermeasures.
Delay in opening is inevitable
The original plan was to break ground in 2025 and open in 2030. However, due to the addition of the feasibility reexamination process, this schedule has unfortunately been delayed.
The previous timeline was to complete the design in 2024, break ground in 2025, and complete by 2030; however, the revised timeline has been adjusted to breaking ground in 2027 and completion in 2031.
As a result, a delay of at least one year in opening is expected. Consequently, traffic congestion during rush hours around Yeonsu Road and near the Hwangryeong Tunnel is likely to worsen further.
Hwangryeong 3 Tunnel, key to solving Busan's traffic but needs more time
The city of Busan anticipates that the opening of the Hwangryeong 3 Tunnel will create a new transportation route connecting Yeonje-gu and Nam-gu, significantly contributing to alleviating traffic congestion in the city center. However, due to variables such as increased project costs and the feasibility reexamination, the project is delayed beyond expectations.
The Hwangryeong 3 Tunnel not only connects Yeonsan-dong and Namcheon-dong but also directly links to the urban motorway. This is expected to greatly enhance accessibility from Yeonsan-dong to Munhyeon-dong, North Port, and Busan Station. Therefore, this road is an essential project that will bring about revolutionary changes to Busan's transportation network, and its construction should proceed promptly.
A city official stated, "We have had prior discussions with the Ministry of Economy and Finance regarding the increase in project costs, so the likelihood of passing the reexamination is high," adding that, "Once the reexamination is completed, we will restart the basic design and ensure a swift commencement of construction." We hope these plans will be realized.
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Frequently Asked Questions (FAQ)
Q. What is the overview and route of the Hwangryeong 3 Tunnel construction project?
The Hwangryeong 3 Tunnel is a 4.11km, 4-lane road connecting the Sinri Intersection in Yeonje-gu and Hwangryeong Road in Nam-gu.
The Hwangryeong 3 Tunnel construction project is a significant transportation infrastructure project that builds a new 4.11km section of 4-lane road connecting Sinri Intersection in Yeonje-gu and Hwangryeong Road in Nam-gu. The total project cost is approximately 369.6 billion won, funded by 139.8 billion won from the central government and 229.8 billion won from the city. Upon completion, the travel time from Yeonsan Intersection to Daenam Intersection is expected to be significantly reduced from 35 minutes to 15 minutes, contributing to alleviating traffic problems in Busan.
Q. Why is the Hwangryeong 3 Tunnel construction project delayed?
The opening has been delayed by over a year due to a 16.3% increase in project costs, necessitating a feasibility reexamination by the Ministry of Economy and Finance.
The Hwangryeong 3 Tunnel construction project has experienced a total project cost increase of 125.6 billion won (16.3%) due to design changes and inflation. According to the National Finance Act, if the project cost increases by more than 15%, a feasibility reexamination is mandated, leading the Ministry of Economy and Finance to include this project for reexamination starting August 2023. Consequently, the original scheduled opening of 2025 has been pushed to 2027.
Q. How have resident opinions influenced the design of the Hwangryeong 3 Tunnel?
Design changes were required due to demands for noise and dust control covers and ramp location adjustments.
Requests from residents for the installation of noise and dust barriers and adjustments to ramp locations near Daenam Choe have needed to be incorporated into the design. This feedback process is crucial for ensuring smooth progress in the project, and it has effectively contributed to design changes and additional costs. This process is considered a mandatory step for creating transportation infrastructure that coexists with the local community in the long term.
Q. What are the expected effects on Busan's transport after the completion of the Hwangryeong 3 Tunnel?
Traffic congestion relief in Yeonsan-dong and Nam-gu and significant improvement in accessibility to major areas in Busan.
Once the Hwangryeong 3 Tunnel is opened, a new transport route connecting Yeonje-gu and Nam-gu will be established, expected to alleviate serious traffic congestion in the city center. In particular, accessibility to major areas such as Munhyeon-dong, North Port, and Busan Station will be greatly improved, bringing revolutionary changes to Busan's urban traffic network. As a result, commuting times for Busan citizens are expected to decrease significantly, enhancing traffic efficiency.
