Gyeongju City Sees Boom in Public Parking Lots in Downtown and Residential Areas... 36 Sites with 2,222 Spaces Created Over 3 Years

Mayor Jun Nak-yeong Accelerates Public Parking Lot Development
16 Sites and 1,023 Spaces Added by Year-End This Year

The photo shows the completion ceremony of the Dongcheon-dong public parking lot, which was completed in June last year.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Gyeongju City is focusing its administrative efforts on securing public parking lots to solve the chronic parking shortage in downtown areas and residential neighborhoods.

According to Gyeongju City on the 18th, since 2018, 20 public parking lots have been newly established, securing 1,199 parking spaces. Once the 16 public parking lots currently under construction are completed by the end of this year, an additional 1,023 parking spaces will be added.

This means that since 2018, a total of 36 public parking lots with 2,222 parking spaces have been secured.

The public parking lot construction projects require a budget of 20 to 40 million KRW per parking space. Despite the considerable budget, Gyeongju City explains that it will continue proactive measures to resolve the chronic parking shortage in downtown and residential areas.

For example, the Dongcheon Parking Tower, completed in April last year with 242 spaces, cost 5.3 billion KRW, which amounts to 22 million KRW per parking space. The Cheonbuk Cargo Truck Public Garage, completed in January 2019 with 178 spaces, required a total budget of 8.4 billion KRW, costing 47 million KRW per parking space.

By the end of this year, Gyeongju City plans to complete construction at ▲Shin Gyeongju Station Public Parking Lot with 439 spaces ▲Central Shopping District Parking Tower with 215 spaces ▲Oedong Public Market Public Parking Lot with 48 spaces ▲13 Village Public Parking Lots totaling 321 spaces.

Mayor Joo Nak-young stated, "We will focus administrative efforts on promoting more concrete and effective public parking lot projects to resolve the long-standing parking shortage for citizens and to alleviate conflicts among residents arising from this issue."

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