Gov't to push for 2.7 tln won investment in road construction

SEOUL, Dec. 29 (Yonhap) -- The government said Monday that it has approved 2.7
trillion won (US$2.1 billion) worth of road-construction projects over the next
five years in a bid to bolster slumping domestic demand.
The envisioned investment will be used to construct three separate roads whose
combined length will be 130.3 kilometers, according to the Ministry of Strategy
and Finance. Completion is slated for 2014.
The projects will also involve private investment and are intended to bolster the
nation's rapidly declining domestic demand, which the government fears could
accelerate the overall economic downturn.
Civilian participation will be made through a build-transfer-operate method,
under which private builders construct public facilities at their own expense and
operate them for profit, with ownership transferred to the government after a
given period, the ministry said.
kokobj@yna.co.kr
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