Seoul City to Invest 1.6 Trillion Won in Safety and Construction Sectors This Year... Promoting Economic Vitality

219 Service Contracts in Safety and Infrastructure + 128 Construction Orders
Projects Directly Related to Citizen Safety Increased by 23% Compared to Last Year

[Asia Economy Reporter Jo In-kyung] The Seoul Metropolitan Government will invest 1.6228 trillion KRW this year in safety and infrastructure sectors and construction work orders, which is about 23% more than last year.

According to Seoul City on the 17th, the service orders in the safety and infrastructure sectors this year include ▲119 cases (23 billion KRW) in safety areas such as road facilities, firefighting, and mountainous areas ▲76 cases (45 billion KRW) in safety management such as water supply and sewage ▲24 cases (82.4 billion KRW) in infrastructure design, totaling 219 cases with a project cost of 150.4 billion KRW. The city plans to carry out these safety and infrastructure service orders by April this year.

Construction work orders include ▲34 cases (87.3 billion KRW) in safety areas such as road facility and bridge maintenance ▲28 cases (122.1 billion KRW) in water supply and sewage facility repair and maintenance ▲55 cases (1.2447 trillion KRW) in urban infrastructure construction such as roads and parks ▲11 cases (18.3 billion KRW) in river dredging and river facility construction, totaling 128 cases with an investment of 1.4724 trillion KRW. The city plans to issue 75% of these 128 construction work orders early by April.

Seoul City expects these projects to contribute to revitalizing the local economy as well as creating jobs. Applying the employment inducement coefficient (the number of jobs created per 1 billion KRW of goods produced) from the Blue House Job Committee's key employment indicators, it is estimated that 1,715 jobs will be created related to safety and infrastructure services, 16,786 jobs related to safety and infrastructure construction, totaling about 18,500 jobs.

Information related to the project details and order timing for the services and construction to be ordered this year will be disclosed on the Seoul City website so that companies can prepare in advance and participate.

Han Je-hyun, Director of the Seoul City Safety General Office, said, "As this is a difficult time for everyone due to the prolonged COVID-19 pandemic, we hope to revitalize the depressed local economy and help alleviate employment instability. Especially since these projects are directly related to citizen safety, we will do our best to ensure they proceed without any setbacks throughout the year."

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