Suncheon-si, 356.7 Billion KRW Rapid Execution to Revive Local Economy

60% Target for Rapid Execution Project Funds, Plan to Exceed Government Goal by 4.9%

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon City (Mayor Heo Seok) announced on the 5th that it plans to execute a budget of 356.7 billion KRW in the first half of this year to quickly recover the local economy, which has been depressed due to COVID-19.

The rapid execution target amount for Suncheon City in the first half of this year is 356.7 billion KRW, which corresponds to 60% of the rapid execution project budget of 594.6 billion KRW, and this figure is 4.9% higher than the government target of 55.1%.

The city plans to promote rapid execution more strongly than ever to restore the local economy to pre-COVID-19 levels.

To this end, a rapid execution task force has been formed, consisting of four teams: the general team led by the vice mayor, the execution support team, the fund support team, and the project promotion team, which will operate until the end of June.

Through the operation of the task force, the city plans to regularly check the progress of rapid execution, discuss countermeasures for underperforming projects, and continuously devise ways to improve execution performance.

Additionally, by simplifying prior administrative procedures, the city will shorten emergency bidding announcements, advance payment disbursements, and various review periods; temporarily expand the amount for private contracts; and form and operate a joint design team related to facility projects to complete in-house designs and issue project orders early.

Unlike last year, the city plans to achieve the rapid execution target early by fully utilizing the revised guidelines, such as expanding the advance payment scale up to 80% and excluding four statistical items related to execution targets like rewards.

Mayor Heo Seok of Suncheon said, “In the current crisis situation, rapid execution can be considered the strongest card for revitalizing the local economy.” He added, “All public officials of Suncheon City will unite and work together to help the local economy regain vitality through rapid execution.”

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