Promotion of Complex Development for Sindang Intersection Public Parking Lot in Jung-gu, Seoul

Selected for the '2021 Saenghwal SOC Complex Project' led by the Office for Government Policy Coordination, securing 3.6 billion KRW... Construction of a 5-basement to 8-story building with a total floor area of 6,997㎡ in the Toegye-ro 408 area, Jung-gu

[Asia Economy Reporter Jongil Park] The Sindang Intersection Public Parking Lot Complex Project in Jung-gu, Seoul (Mayor Seoyangho) has been finally selected in the '2021 Living SOC Complex Project' competition hosted by the Office for Government Policy Coordination, securing 3.6 billion KRW in national funding.

The district submitted the project plan last May and received high evaluations for the appropriateness of the plan, including budget and site acquisition feasibility, design standards for individual facilities, and project necessity, leading to its final selection as a nationally funded project this month.

The Living SOC Complex Project is a project that creates facilities such as childcare, education, culture, and sports, which enhance the convenience of local residents in daily life, on a single site, rather than social overhead capital (SOC) like roads and railways.

The Sindang Intersection Public Parking Lot Complex Project involves constructing multiple Living SOC facilities such as a public parking lot, living culture center, sports center, and public office facilities in one location. It is planned to be built at 408 Toegye-ro, Jung-gu, with 5 basement floors and 8 above-ground floors, covering a total floor area of 6,997㎡.

An official from Jung-gu Office stated that they will strive to secure as much project budget as possible, including city funds as well as national funds, to ensure the selected project proceeds as planned with thorough preliminary preparations.

Mayor Seoyangho of Jung-gu said, "We will do our best to improve the convenience and quality of life of local residents by establishing living infrastructure through the relocation and complexification of public facilities."

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