Andong-si, Gyeongbuk, Moves Forward as a 'Tourism Hub City'

Following Completion of Ministry of Economy and Finance's Adequacy Review, Project Promotion Gains Momentum

Andong City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Gwi-yeol] Andong City in Gyeongbuk announced on the 29th that the Ministry of Economy and Finance's appropriateness re-evaluation of the Tourism Hub City Development Project has been completed, and the project will be fully launched starting next year.

The appropriateness re-evaluation by the Ministry of Economy and Finance, which began in February 2021, was concluded at the Ministry's Fiscal Project Evaluation Committee meeting on the 28th, finalizing the project budget at 97.56 billion KRW, reduced by 2.44 billion KRW from the original 100 billion KRW.

The main projects focus on three zones: Wolyeonggyo and the old downtown area, Dosan zone, and Hahoe Village zone, consisting of five core projects (61.34 billion KRW), seven strategic projects (26.32 billion KRW), and four linked cooperation projects (9.9 billion KRW).

The Andong City Tourism Hub City Development Project was designated as a pilot project in 2020 with a budget of 4.3 billion KRW, 13 billion KRW in 2021, and 10.5 billion KRW in 2022, as confirmed by the Ministry of Culture, Sports and Tourism. The 2021 project was deferred to 2022 due to the appropriateness re-evaluation and will be implemented together with the 2022 project.

Originally scheduled for completion in 2024, the project period will be extended by one year to 2025, considering the suspension period caused by the appropriateness re-evaluation. From 2023 to 2025, the project budget will total 69.76 billion KRW, with annual budgets to be finalized through the Tourism Hub City Committee's review around January next year.

An official from Andong City explained that with the completion of the Ministry of Economy and Finance's appropriateness re-evaluation and the confirmation of the Tourism Hub City Development Project scale, the project will be actively promoted starting next year.

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