Pohang City Breaks Ground on Yeongildae Beach Marine Cable Car... Scheduled for Completion in Spring 2022

[Asia Economy Yeongnam Reporting Headquarters, Reporter Park Dong-wook] On the 18th, Pohang City in Gyeongbuk held a groundbreaking ceremony for the installation project of the Yeongildae Sea Cable Car at the Yeongildae Seaside Pavilion Square.

The groundbreaking ceremony was attended by Mayor Lee Kang-deok, Jung Dal-gyo, CEO of Youngilman Marine Cable Car Co., Ltd., project officials, as well as about 40 local city and provincial council members and residents.

The Pohang Sea Cable Car, spanning a total length of 1.8 km crossing 100 meters above the ground from Pohang Passenger Terminal to Hwanho Park, is being carried out as a private investment project with a total project cost of 79.8 billion KRW. After completion in the first half of 2022, 39 gondolas with 10 seats each will undergo a three-month test operation before commencing normal service.

The Pohang Sea Cable Car is a key project for the development of the Yeongilman Tourism Special Zone and a stepping stone for the development of the surrounding area. Pohang City expects that once the sea cable car is installed, it will generate 100.6 billion KRW in production and added value and create about 1,400 new jobs.

Mayor Lee Kang-deok of Pohang emphasized, "As a new local tourism resource, we will focus all administrative efforts on developing package-type products linked with existing tourism resources such as the Pohang International Fireworks Festival to contribute to revitalizing the local economy and establishing Pohang’s marine landmark."

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