Opening of Incheon Affiliated Parking Lots and Green Parking... Budget Savings of 156.5 Billion KRW Compared to Public Parking Lots

Detached House Green Parking
Photo by Incheon City

[Asia Economy Reporter Park Hyesook] Incheon City views the opening of private auxiliary parking lots and the Green Parking project as highly effective in alleviating urban parking shortages and reducing budgets, and plans to continue these projects this year.

The auxiliary parking lot opening project supports building owners who share their surplus parking spaces in private auxiliary parking lots with nearby residents by providing facility improvement costs and other assistance.

Additionally, the Green Parking project involves removing fences or gates of houses to create parking spaces, allowing vehicles previously parked on narrow alley roads to be parked at home, thereby solving parking problems and improving the pleasantness of alley environments with a twofold effect.

The city plans to expand these projects this year as they can increase parking spaces with relatively low costs and within a short period without complicated administrative procedures.

Last year, the city invested 100 million KRW in the Green Parking project, creating 68 parking spaces, and spent 300 million KRW on the auxiliary parking lot project, securing a total of 1,502 spaces. Considering that creating one self-operated public parking space typically costs about 100 million KRW, this resulted in an estimated budget saving of approximately 156.5 billion KRW over the past year.

However, despite the effectiveness of the projects, citizen participation remains low due to negative perceptions regarding security and management.

Accordingly, the city is improving security and management issues by supporting the installation costs of security facilities such as CCTV and unmanned security systems, as well as installing signboards that notify users of unauthorized parking prevention and compliance requirements.

The city also plans to activate the projects by conducting inspections to prevent the loss of secured parking lots and exploring ways to discover new target sites. Applications for the auxiliary parking lot opening and Green Parking projects are accepted on a first-come, first-served basis at each district office, and consultations and applications are available via visits or phone calls.

Meanwhile, following the amendment of the Parking Lot Act, from August 5, towing will be possible for vehicles that do not comply with time limits in open parking lots, which is expected to further spread the culture of shared parking lots.

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