Existed: 2006 – present Constructed 2006 | Length 82.05 km | |
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South end: Daedong Junction, Busan North end: East Daegu Junction, Daegu | ||
The Daegu–Busan Expressway is an expressway in southeastern South Korea, connecting the cities of Busan and Daegu. Officially, it is part of Jungang Expressway, but some maps use this name for this section. There is also a short branch line at the southern end of the expressway, numbered 551. It is 82 kilometers long, with two lanes of traffic in each direction and eight interchanges. It shares the number "55" with the Jungang Expressway, which runs north from Daegu.
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The estimated travel time between the two cities is roughly 1 hour, saving about half an hour over the previous travel time on the Gyeongbu Expressway.[1] The toll for a passenger car is 8,500 won, slightly less than the cost of a KTX ticket between the two cities.
Construction was completed in February 2006, at a total cost of slightly over 1 trillion won. The project was overseen by Hyundai Development Company, also known as I-Park, which has promoted the project under the name "I-Way." It was heavily supported by loans from the Korean Road Infrastructure Fund operated by Australia's Macquarie Bank. The term of the financing is 30 years.