Bodam Village in Junghwa 2-dong, Jungnang-gu Selected for the Ministry of Land, Infrastructure and Transport Urban Regeneration New Deal Project

Bodam Village in Junghwa 2-dong 329 Area Selected for '2020 Ministry of Land, Infrastructure and Transport Urban Regeneration New Deal Project'... Total Investment of 25 Billion KRW for Infrastructure Expansion, Commercial Revitalization, and Housing Improvement by 2024

[Asia Economy Reporter Jong-il Park] Bodam Village in Junghwa 2-dong, Jungnang-gu (Mayor Ryu Kyung-gi) is being reborn as a village where residents, merchants, the city, and the environment coexist harmoniously.

On the 3rd, the district announced that Bodam Village in the area of 329 Junghwa 2-dong was finally selected for the '2020 Ministry of Land, Infrastructure and Transport Urban Regeneration New Deal Project.'

The '2020 Ministry of Land, Infrastructure and Transport Urban Regeneration New Deal Project' is an urban regeneration project targeting areas where residential areas and alleyway commercial districts coexist, aiming to revitalize resident communities and boost the vitality of alleyway commercial districts. Bodam Village in Junghwa 2-dong was selected through written evaluations, on-site inspections, and presentation evaluations conducted by an evaluation committee composed of various experts in urban and architectural fields.

The achievement of 'Bodam Village in Junghwa 2-dong' is the second success following its selection in April 2019 for the 'Seoul-type Urban Regeneration Activation Project,' which secured a project budget of 10 billion KRW.

With this selection, an additional 15 billion KRW of seed funding has been secured, and by 2024, a total of 25 billion KRW will be invested to carry out urban regeneration over a total area of 144,000 square meters (㎡).

The main projects include ▲ the establishment of five resident shared-use facilities such as Bodam Amazon Center, Silver Social Care Center, Bodam Culture Development Center, Green Community Factory, and Win-Win Village Management Office to expand living infrastructure ▲ renewal of the 560m alleyway commercial district landscape and development and sale of local specialty products (Meal Kit) to revitalize commercial districts ▲ creation of 12 eco-friendly and safe alleyway paths totaling 1,780m, including pedestrian safety village roads (Bonghwasan-ro 2-gil) and safe school routes for children (Bonghwasan-ro 4-gil) to improve residential environments ▲ and maintenance of aging houses over 20 years old, all scheduled to be carried out from 2021 to 2024.

Ryu Kyung-gi, Mayor of Jungnang-gu, said, “This New Deal project selection is the result of residents’ active interest and participation,” adding, “We will continuously listen to residents’ opinions and actively support urban regeneration that residents can feel so that Bodam Village in Junghwa 2-dong can be reborn as a better place to live.”

Bodam Village in Junghwa 2-dong is receiving great response as a resident-centered urban regeneration project. To apply for this New Deal project, a draft urban regeneration activation plan was prepared through collecting residents’ opinions and expert consultations, and a public hearing was held before applying for the '2020 Ministry of Land, Infrastructure and Transport Urban Regeneration New Deal Project.'

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