Chuncheon City Launches 300 Billion Won Private Investment Project... Full-Scale Development of 'Uiamho Tourist Recreation Facilities and Marina' Begins

Preliminary Negotiation Partner and Business Agreement on the 20th

Reference photo [Provided by Chuncheon City]

[Asia Economy Reporter Ra Young-cheol] Chuncheon City, Gangwon Province, is set to accelerate a 300 billion KRW-scale project to develop tourist and recreational facilities and a marina at Uiamho Lake.

The city announced on the 18th that "on the 20th, we will sign a business agreement with the preferred negotiation partner for the Uiamho Lake tourist and recreational facilities & marina development project."

Earlier, in January this year, the city selected the preferred negotiation partner for the Uiamho Lake tourist and recreational facilities & marina development project through a private business operator selection committee.

The project aims for completion in 2024 and involves installing and operating marina and tourist recreational facilities around 426 Samcheon-dong. The entire project cost is privately funded.

The city expects a synergistic effect on the local tourism industry by combining the soon-to-be-completed Samaksan Ropeway, Legoland Korea, and existing tourism infrastructure.

A city official stated, "We will promptly proceed with additional negotiations with the preferred negotiation partner to ensure the project progresses smoothly."

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