PURPOSES : This study aims to calculate the estimation of travel time saving benefits from smart expressway construction by considering the willingness to pay for automated vehicles. METHODS : In this study, data were collected from 809 individual drivers through a stated preference survey. A multinomial logit model was constructed to analyze the choice behavior between arterial roads, expressways, and smart expressways. Through this, the values of time and benefits were estimated. RESULTS : The value of time was calculated at 19,379 won per vehicle per hour for arterial roads and expressways and 23,061 won per vehicle per hour for smart expressways. Applying these values to the Jungbu Naeryuk expressway, we evaluated the demand change and benefits resulting from the improvement to the smart expressways. The results show that the traffic volume on the Jungbu Naeryuk expressway is expected to increase by 4.7% to 20.7% depending on the changes in capacity. CONCLUSIONS : The travel time saving benefits are estimated as positive, resulting from the construction of smart expressways. The benefits resulting from the construction of new smart expressways are expected to be enhanced due to the anticipation of more significant time-saving effects.