Changwon City Accelerates Prompt Execution to Revitalize Local Economy

Decision to Actively Utilize the Ministry of the Interior and Safety's Rapid Execution Guidelines

On the 15th, Changwon City in Gyeongnam held a report meeting chaired by Jo Young-jin, the first vice mayor, to review the execution status of large-scale facility projects costing over 3 billion won and discuss future execution plans.
(Photo by Changwon City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Changwon City in Gyeongnam announced on the 15th that it is accelerating the rapid execution of local finances to revitalize the regional economy.

On the same day, the city held a briefing session chaired by First Vice Mayor Jo Young-jin to inspect the execution status of large-scale facility projects over 3 billion KRW and discuss future execution plans.

Through this briefing, the execution status of large-scale projects such as the government office building construction project and the urban regeneration New Deal project was checked, and solutions to execution difficulties were prepared to promote execution as much as possible in the first half of the year. In addition, to revitalize the regional economy stagnated by COVID-19, the city decided to concentrate all administrative power on the rapid execution of local finances throughout June.

To achieve the first half-year goals, the city is actively utilizing the Ministry of the Interior and Safety’s rapid execution guidelines, especially applying measures such as ▲early ordering ▲emergency bidding ▲expanded advance payment execution ▲shortening periods for routine audits, contract reviews, and eligibility reviews for facility project budgets with significant economic ripple effects.

First Vice Mayor Jo Young-jin said, “Rapid execution of local finances is more important than anything else to revitalize the regional economy and private sector weakened by COVID-19,” and added, “I urge an increase in execution rates through speedy project promotion to maximize the economic stimulus effect of local finances.”

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