Andong City-Korea Rail Network Authority Sign 'Business Agreement' for Efficient Use of Abandoned Jungang Line Railroad

On the 27th, Kwon Young-se, Mayor of Andong City, signed a business agreement with Kim Sang-gyun, President of the Korea Rail Network Authority, for the efficient utilization and management of railway assets.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Andong City in Gyeongbuk announced that it signed a business agreement with the Korea National Railway Corporation on the afternoon of the 27th to efficiently utilize railway facility assets following the relocation of the Jungang Line railway.

The main content of this agreement is to establish a mutual cooperation system and actively support each other within the scope of administrative and financial cooperation to successfully promote the old Andong Station site development project and the Jungang Line railway site utilization project, which are being promoted by Andong City and the Korea National Railway Corporation.

In September last year, Andong City completed consultations on the location and area of the sites to be utilized by both organizations following an agreement between the Mayor of Andong and the Chairman of the Korea National Railway Corporation on the development direction of the old Andong Station site.

Mayor Kwon Young-se of Andong said, "I hope that the administrative power of Andong City and the development know-how of the Korea National Railway Corporation will combine to create a synergy effect and further develop into a win-win cooperative relationship to achieve the goals of increasing the value of national property and improving the quality of life for local residents."

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