Gangnam-gu to Pay 1.6 Billion KRW for Electricity Bills of Public Offices in Second Half of Year
Public Facilities, Streetlights, and Park Equipment Targeted, Achieving 101% of H1 Rapid Execution Goal to Revitalize Local Economy
[Asia Economy Reporter Park Jong-il] Gangnam-gu (District Mayor Jung Soon-gyun) will make a lump-sum payment of 1.6 billion KRW for electricity bills for the second half of the year by the 30th as part of the local government’s rapid execution of finances to revitalize the local economy, which has been depressed due to the novel coronavirus infection (COVID-19).
The payment amount is the largest prepayment of electricity bills among the 25 autonomous districts of Seoul.
Specifically, it includes ▲ 1.14 billion KRW for 25 public office buildings and 2 district-owned facilities ▲ 400 million KRW for 188 streetlights ▲ 60 million KRW for 27 park facilities.
Additionally, as of the 25th, the district has exceeded the first half rapid execution target of 238.3 billion KRW by executing 241.2 billion KRW, the largest amount among autonomous districts, achieving a 101% execution rate through activation of contract advance payments, execution of bid difference for facility costs, and lump-sum payment of rents.
In the second half of the year, the district plans to actively promote administrative measures to revitalize the economy by strengthening management of project budget execution performance and monitoring real-time execution status for large-scale budget projects such as remodeling and new construction of public office buildings.
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Yang Mi-young, head of the Planning and Budget Division, said, “The district’s budget for this year is 1.4175 trillion KRW, the largest among 69 autonomous districts nationwide, and the rapid execution target amount is 418 billion KRW. As we enter the ‘1 trillion KRW budget era,’ we will do our best to mobilize all available resources at the local government level to help the local commercial districts, which have been depressed due to COVID-19, regain vitality.”
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