Secured 24 Billion KRW in National Funding for 2021, a 135% Increase from 10.2 Billion KRW the Previous Year

On the first day of the illegal parking and stopping resident reporting system in school zones on the 29th, a no parking and stopping notice was installed near the main gate of an elementary school in Seoul. Photo by Moon Honam munonam@

On the first day of the illegal parking and stopping resident reporting system in school zones on the 29th, a no parking and stopping notice was installed near the main gate of an elementary school in Seoul. Photo by Moon Honam munonam@

View original image

[Asia Economy Yeongnam Reporting Headquarters, Reporter Park Dong-wook] Gyeongsangbuk-do announced on the 25th that it will invest 48 billion KRW this year to improve traffic safety facilities and reduce traffic accident risk factors in vulnerable groups and vulnerable areas.


The traffic safety environment improvement project is a 50% matching project funded by the national government. Of the 48 billion KRW project budget this year, 24 billion KRW is from the national government, which is a 135% increase compared to last year's national funding of 10.2 billion KRW.


Additionally, Gyeongbuk Province ranked first in the 2020 roundabout improvement project evaluation by cities and provinces, hosted by the Ministry of the Interior and Safety, securing an additional 560 million KRW in national funds as an incentive.


This year, Gyeongbuk Province's six projects include ▲Improvement of 39 locations with frequent traffic accidents, 5.7 billion KRW ▲11 roundabouts, 3.1 billion KRW ▲79 child protection zones, 4.8 billion KRW ▲8 elderly protection zones, 800 million KRW ▲Installation of unmanned traffic enforcement equipment at 708 locations, 31.2 billion KRW ▲Pedestrian environment creation projects at 3 locations, 2.4 billion KRW.


In particular, 36 billion KRW will be concentrated on improving the traffic safety environment in child protection zones, including the installation of unmanned enforcement equipment, traffic signals, and speed bumps.



Park Dong-yeop, Director of the Construction and Urban Bureau of Gyeongsangbuk-do, stated, "We expect to prevent and reduce traffic accidents by improving risk factors in high-accident areas and child protection zones within the province," adding, "We will make greater efforts to improve road traffic safety environments to strengthen safety management for vulnerable road users."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing