Jinju City Selected for Ministry of Land, Infrastructure and Transport's Urban Regeneration New Deal Project for 3 Consecutive Years

Mayor Jo Gyu-il Announces the Selection Results of the Urban Regeneration New Deal Project in the Central District [Image Source=Jinju City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jungang District in Jinju City, Gyeongnam Province, has been finally selected for the Ministry of Land, Infrastructure and Transport's 2021 second half Urban Regeneration New Deal project competition.

On the 16th, Jinju Mayor Cho Gyu-il announced at a press conference in the city hall briefing room that following Seongbuk District in 2019 and Gangnam District in 2020, Jungang District was selected for the Ministry of Land, Infrastructure and Transport's Urban Regeneration New Deal project competition for three consecutive years until 2021.

The city plans to invest 26.8 billion KRW in an approximately 200,000㎡ area around Jangdae-dong, aiming for completion in 2026.

The city emphasized that under the vision of "Descendants of Sangmusa Jinju-Jungang," it will establish regional identity, revitalize the commercial district and create jobs through the development of a growth innovation hub in the old downtown area, and link local contents such as Jinju Sangmusa, Jungang Market, Nongae Market, and Cheonggwa Market to make it an attractive and desirable place to visit.

In particular, the old downtown area including Jungang District is experiencing a double hardship of population outflow and commercial district decline due to complex factors such as urban expansion following new town development. To transform the deteriorated old downtown into a vibrant living and working space, the city actively participated in the government's Urban Regeneration New Deal project competition, which is being promoted as a national policy task, the city added.

Thus, centered on the Namgang River, the northern Seongbuk District serves historical and educational functions, the southern Gangnam District serves cultural and artistic functions, and the Jungang District, which can be considered a combined area of the old downtown, connects commercial revitalization with job creation and entrepreneurship functions, enabling the promotion of urban regeneration projects for the entire old downtown area.

The Jungang District Urban Regeneration New Deal project is a central business district type project aimed at revitalizing the central commercial district and local culture of the old downtown, improving residential environments, and fostering a sustainable community.

Mayor Cho Gyu-il said, "The success of the Urban Regeneration New Deal project depends on how much synergistic effects can be achieved through organic interaction with key projects that open the future 100 years of Jinju," and added, "We will communicate, exchange, and collaborate among various stakeholders such as local residents, small business owners, and civil society to achieve the best urban regeneration effects."

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