UIJEONGBU, Oct. 26 (Korea Bizwire) – The Ministry of the Interior and Safety has announced amendments to the development plans regarding territories formerly occupied as U.S. military bases, increasing the number of infrastructure and public works projects and extending the deadline by five years.
According to the Gyeonggi Provincial Government, a total of 40 new projects were assigned, of which 31 consisted of road construction and creation of parks and cultural facilities within a 3 km radius. The projects were spread out through 11 different cities province-wide.
The national and local governments will evenly fund the development initiatives, which are estimated to cost 572.6 billion won.
The successful implementation of the amended development plan will see the portion of the National Highway Route 39 in Uijeongbu extended by 1.97 km, road work in the surrounding area of Camp Howze in Paju and construction of tourism cultural facilities in Dongducheon city.
Two of the 40 projects are civilian-funded enterprises that were included in the overall development plan. One aimed to develop 990,000 square meters of land into commercial districts, headed by the Ministry of Land, Infrastructure and Transport, while the other sought to build a neighborhood of apartment buildings in the area formerly known as the 306 Conscription Processing Center.
Overall, the government agency’s announcement fell short of the big changes that some had been anticipating.
Lina Jang (linajang@koreabizwire.com)