Yeonggwang-gun to Commence Construction of Myoryang Agricultural and Industrial Complex Project in March

[Yeonggwang=Asia Economy Honam Reporting Headquarters Reporter Lee Jeonseong] Yeonggwang-gun, Jeollanam-do announced on the 4th that it will begin construction next month on the 'Myoryang Agricultural and Industrial Complex Development Project' on a 213,775㎡ site in Sincheon-ri and Yeongyang-ri, Myoryang-myeon, with a total project cost of 16.4 billion KRW.

This project gained momentum after receiving approval for the industrial complex designation plan from the Ministry of Land, Infrastructure and Transport in 2017, followed by investment review, approval of the local industrial complex plan from Jeollanam-do, and the announcement of the industrial complex plan approval last month.

Previously, after the appraisal in December last year, the county has continuously negotiated compensation with the owners of the incorporated land, transferring ownership of more than 20% so far. It plans to complete about 70% of the land compensation negotiations by the end of this month, start construction next month, and aim for completion by the end of next year.

Furthermore, once the Myoryang Agricultural and Industrial Complex, dedicated to small and medium-sized enterprises, is established, it is expected to greatly contribute to job creation and revitalization of the local economy by stably supplying the insufficient industrial land and attracting companies.

County Governor Kim Junsung expressed gratitude to the landowners who cooperated actively to enable the construction of the Myoryang Agricultural and Industrial Complex starting next month, and said, "As the residents have high expectations, we will complete it early to expand industrial infrastructure and lay the foundation for revitalizing the local economy."

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