Ulsan Ulju-gun, Yeongnam Alps Cable Car Third-Party Proposal Contest

Recruitment of Private Investors for 90 Days Starting from the 14th ... Environmental Impact Assessment Data Disclosure

Yeongnam Alps Cable Car Rendering.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Attention is focused on whether the Yeongnam Alps cable car project will end its years-long drifting journey as it transitions to a private investment project.

Ulsan Ulju-gun announced on the 15th that it has started a third-party proposal contest for the Yeongnam Alps cable car from the 14th and will conduct it for 90 days.

The main announcement details include ▲initial proposer’s proposal content, ▲project implementation conditions, ▲application and evaluation for the project, and ▲matters related to agreement signing and termination, with preferential points for the initial proposer removed.

To overcome environmental issues that had hindered project promotion, applicants are allowed to review past project promotion materials such as environmental impact assessments and reflect them in their project plans.

Private businesses challenging the project will gain significant hints to design the entire project so as not to be rejected in the environmental impact assessment.

To enhance project stability, the minimum equity capital ratio is set at 25% or more, and higher scores are allocated to the equity capital ratio compared to other evaluation criteria.

After the contest period ends, the highest-scoring applicant will be selected as the preferred negotiation candidate through the evaluation of the selection review committee, and after negotiations with the preferred candidate, an agreement will be signed to implement the project.

The contest details can be found on the websites and public notices of Ulsan City and Ulju-gun.

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