Changwon City Closes Submission of Letters of Intent for Private Complex Development Operator in Masan Marine New City Public Offering

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Changwon City, Gyeongnam Province, announced on the 15th that six companies have submitted letters of intent to participate in the 'Masan Marine New City Private Complex Development Implementer Public Offering' project.

The companies that submitted letters of intent to participate in the project are Junggeonsa Rogeon Construction Investment Co., Ltd. (CSCSRI), Hangang Asset Management Co., Ltd., DS Networks Co., Ltd., WiseCan, Meritz Securities, and IS Dongseo.

The city believes that, unlike the previous 4th public offering, companies that are realistically capable of participating in the project have submitted letters of intent in this public offering guideline.

Earlier, the city re-announced the private complex development implementer public offering from May 31, setting 297,000㎡ out of the total area of 642,167㎡ as the public offering zone.

The Masan Marine New City urban development project will be promoted through the private complex development implementer public offering. The private complex development implementer will receive land supply based on 203,119㎡ of the private capital attraction zone, excluding public infrastructure land, and proceed with the private complex development project.

The companies that submitted letters of intent must submit their project plans by August 30.

The city plans to hold a selection review committee around September to evaluate the project plans submitted by the applicants.

Mayor Heo Seong-mu said, "Since the Masan Marine New City development project has a significant impact, we will carefully manage every detail to ensure smooth progress, and soon complete the construction of an eco-friendly waterfront promenade to provide a rest and leisure space for citizens exhausted by the COVID-19 pandemic."

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