Positive Signal for Gyeonggi Transportation Corporation Establishment Within the Year... Public Enterprise Establishment Deliberation Committee Approval

[Asia Economy (Uijeongbu) = Reporter Lee Young-gyu] The establishment of the Gyeonggi Transportation Corporation is entering its final countdown within this year.

Gyeonggi Province announced on the 9th that the establishment plan for the 'Gyeonggi Transportation Corporation,' a key pledge of Gyeonggi Province's transportation policy during the 7th local government term, passed the Gyeonggi Province Public Enterprise Establishment Review Committee on the 8th.

Accordingly, the administrative procedures for establishing the Gyeonggi Transportation Corporation have been completed, making it possible to launch within this year.

According to the establishment plan, the capital of the Gyeonggi Transportation Corporation will be a total of 18.5 billion KRW. The investment fund will be fully borne by Gyeonggi Province. The province plans to reflect the investment fund in this year's supplementary budget.

The establishment form will be a 'local corporation,' similar to other metropolitan city and province transportation corporations such as Seoul, Incheon, and Busan. The organization consists of 1 headquarters and 5 departments (Management Support Department, Bus Operation Center, Semi-Public Operation Department, Transportation Facilities Department, Railway Operation Department), and the total operating personnel will be 88 people (including bus drivers).

Earlier, in February, the province successfully passed the feasibility verification by the Local Public Enterprise Evaluation Institute, a legal procedure for establishing a public enterprise.

Then, in April, an 'online and offline combined public hearing' was held to gather opinions from experts, residents, and various sectors regarding the timing and scale of the establishment. Additionally, last month, final establishment consent was secured after prior consultation with the Ministry of the Interior and Safety.

The province plans to complete procedures such as enacting ordinances, preparing articles of incorporation, recruiting and appointing executives, and registering the establishment, aiming to launch the transportation corporation within this year.

To this end, the establishment and operation ordinance of the corporation and the prior consent plan for investment have been submitted as agenda items to the 344th regular session of the Provincial Council held this month.

Also, a public contest will be conducted to select the location of the main office. In particular, 17 cities and counties in the northern and natural conservation areas are targeted from the perspective of balanced development.

The Gyeonggi Transportation Corporation will be a transportation-dedicated organization that integrates and manages the public transportation system of cities and counties within the province, which have very diverse regional characteristics such as urban and rural complex areas, on a metropolitan scale. It will promote various policies to enhance the public nature and efficiency of public transportation services.

A provincial official emphasized, "The Gyeonggi Transportation Corporation will be the cornerstone for realizing the 7th local government transportation policy goal of 'public transportation being more convenient than private cars in Gyeonggi.' We will do our best to implement transportation policies that residents can feel, such as solving metropolitan transportation congestion."

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