Jeongeup-si Busy Creating Railway Industry Cluster

[Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil] Jeongeup City in Jeonbuk is busy as it approaches the final stages of creating a railway industry cluster.

According to the city on the 7th, since August 2018, the city has been working on the development project of a railway industry agro-industrial complex covering 221,861㎡ (industrial facilities 143,128㎡, residential facilities 1,757㎡, support facilities 9,617㎡, public facilities 67,359㎡) in the Haburi area of Ipam-myeon (Noryeong Station).

Since then, by rapidly attracting railway-related companies including Dawonsys Co., Ltd.'s railway factory, the foundation for the leap of Jeongeup's railway industry has been established.

By December, all auxiliary facility construction, including the railway connection line, is planned to be completed.

The industrial facility site of the railway industry agro-industrial complex consists of 143,128㎡ (10 blocks).

Among them, Dawonsys Co., Ltd. (82,786㎡) completed factory construction in April and is currently operating, enabling the full-scale mass production and delivery of green mobility 'electric trains.'

Also, XTIGE Co., Ltd. (24,803㎡), which signed a move-in contract last May and is currently in architectural design, aims to start full-scale factory operation early next year.

Thus, the city has completed 75% of the total industrial facility site sales and plans to complete the sale of the remaining sites by the end of this year.

A total budget of 21 billion KRW has been invested in the railway industry agro-industrial complex development project.

For the installation of surrounding infrastructure, the railway connection line project, with a total project cost of 14.1 billion KRW, is under construction and is scheduled to be completed next month.

Additionally, Jeonbuk Province has completed the four-lane access road by investing 2.7 billion KRW of provincial funds through the local road expansion and widening project.

Mayor Yoo Jin-seop said, "Jeongeup is emerging as the mecca city of South Korea's railway industry," and added, "We will complete the sale of the remaining sites by the end of this year to lay the foundation for job creation and revitalization of the local economy."

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