Gwangju City to Compensate Land for 'Long-Unexecuted' Urban Planning Roads... Prospects for Property Rights Exercise

Initiation of the '2040 Gwangju Urban Master Plan' Establishment Project

Gwangju City Hall, Gyeonggi Province [File Photo]

[Asia Economy Reporter Ra Young-cheol] Gwangju City in Gyeonggi Province has decided to proceed with long-overdue land compensation to alleviate the economic difficulties of landowners caused by the prolonged COVID-19 pandemic.

The city announced on the 5th that "in accordance with the regulations of the 'National Land Planning and Utilization Act,' compensation will be provided within this year's budget for land included in the first-phase urban planning roads that have been designated but not executed for a long time."

The compensation method involves accepting applications through the Road Project and Road Compensation Team once a month, announcing the compensation plan for 15 days for the targeted land, requesting an appraisal, and then paying the calculated amount.

The city also plans to proceed with projects for routes among the 111 first-phase urban planning roads that have long been unexecuted but where compensation has been completed, if urgent road opening is needed for building permits and approvals, and will accept applications from interested companies.

A city official stated, "Although compensation has been underway since July last year based on landowners' applications, this will provide some relief to citizens who have been unable to exercise property rights due to the designation of infrastructure necessary for maintaining urban functions for a long time, especially during the difficulties caused by COVID-19."

Meanwhile, as of the end of December last year, compensation applications have been received for 239 parcels across 76 routes related to the long-unexecuted first-phase urban planning roads. This accounts for about 10% of all compensation target parcels, and compensation is currently in progress.

Additionally, the city plans to promote various development projects that had been restricted due to a lack of realistically calculated planned population indicators by living area, which are necessary for establishing the basic urban plan.

This is part of the plan to realize sustainable urban development according to the '2040 Gwangju Basic Urban Plan,' and the city intends to create conditions to build various infrastructure such as roads, water and sewage systems, and living convenience facilities.

The city will form a citizen participation group this year to carry out basic surveys, establish the city's future vision, set spatial structures, and conduct advisory procedures with the Urban Planning Committee. In the second half of the year, it plans to request approval from Gyeonggi Province and complete the establishment of the basic urban plan by May 2022.

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