Bulamdong, Gimhae-si, Equipped with New Growth Engine through 'Urban Regeneration New Deal Project'

Overview of the Urban Regeneration New Deal Project in Bulam-dong, Gimhae-si, Gyeongnam. [Image source=Gimhae-si]

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] The urban regeneration project in Bulam-dong, Gimhae-si, Gyeongnam, has been finally selected in the '2021 Urban Regeneration New Deal Project Metropolitan Competition' hosted by the Ministry of Land, Infrastructure and Transport.

According to the city on the 1st, Bulam-dong is the gateway area of East Gimhae adjacent to Busan City. Due to the construction of roads such as Namhae Expressway, New Port Rear Road, and Gimhae-daero, the area along the Seonakdong River and the village have been cut off, and the village itself has been divided into two parts, losing its development momentum.

The Bulam-dong urban regeneration is a residential support type project, investing a total of 12.947 billion KRW (7.3 billion KRW from the national government) from 2022 to 2025 in the areas of Bulam-dong 12th and 13th districts.

The project includes support for repairing old houses and maintaining village roads, establishing the Riverside Connection Center and Komjirak Connection Center, constructing the Riverside Connection Bridge, and implementing programs to strengthen residents' capabilities and revitalize the community.

Through this project, it is expected to greatly contribute to improving the residential environment of Bulam-dong, expanding vulnerable living SOC, establishing a sustainable social economy foundation, and above all, creating a united community village that was physically and emotionally divided by roads.

Mayor Heo Seong-gon said, "Since we were selected with great effort, we will spare no support to revitalize the declining Bulam-dong area and create a livable community village."

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