Ministry of Land, Infrastructure and Transport Evaluates Last Year's New Deal Project Performance... Excludes New Projects in Underperforming Areas

Chungnam, Jeonnam, Gyeongnam, Jeju Show Strong Performance
Poor Results in Busan, Daegu, Incheon

On October 25 last year, Kim Hyun-mi, Minister of Land, Infrastructure and Transport, delivered a commemorative speech at the Urban Regeneration Festival held in Hyangdong, Suncheon-si, Jeollanam-do. (Photo by Yonhap News)

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport announced on the 15th that it will hold the '2020 1st Meeting between Cities and Provinces,' attended by directors from 17 cities and provinces, to share and review the performance of the Urban Regeneration New Deal projects by city and province from last year and the plans for this year.

The Ministry selected a total of 284 New Deal projects, including 18 new pilot projects chosen in December last year. Among these, 95 project sites had started construction by the end of last year.

Based on the unit projects that make up each project site, a total of 216 units had commenced construction by last year, of which 46 were completed.

Upon reviewing the project implementation performance by city and province last year, the Ministry found that Chungnam, Jeonnam, Gyeongnam, and Jeju showed excellent results, while Busan, Daegu, and Incheon showed somewhat poor performance. Considering this, the Ministry plans to allocate budgets by city and province when selecting new projects this year.

Additionally, for cities, counties, and districts with poor performance, the Ministry will require the establishment of recovery measures for project promotion, and if insufficient, they will be excluded from the selection of new projects this year.

Among this year's new projects, those selected by the central government will be accepted on an ongoing basis and selected in March, June, and December, while projects selected by cities and provinces will be chosen through a public contest by the end of September. Detailed schedules and criteria will be provided at an information session on the 21st.

For over 3,000 unit projects within the 284 New Deal project sites nationwide, the Ministry plans to systematically and efficiently manage the projects using the project management system within the Urban Regeneration Integrated Information System.

Baek Won-guk, head of the Ministry’s Urban Regeneration Project Planning Division, stated, "As this year marks the fourth year of the New Deal projects, we will strengthen communication with local governments and closely manage the projects to rapidly produce tangible results that the public can feel."

This content was produced with the assistance of AI translation services.