Chungnam's Public Procurement Amount This Year Reaches 3.4 Trillion Won... 65% Early Procurement in the First Half

[Asia Economy (Hongseong) Reporter Jeong Il-woong] The scale of public construction works and service contracts to be ordered by Chungnam Province this year is 3.4 trillion KRW, of which about 2.2 trillion KRW (65%) is expected to be ordered early in the first half of the year.

According to the province on the 15th, the scale of construction works and service contracts ordered by local governments and public institutions in the province this year is expected to reach 5,429 cases worth 3.4281 trillion KRW. This is the largest scale ever, increasing by 3,447 cases and 1.0388 trillion KRW compared to last year's 1,982 cases and 2.3893 trillion KRW.

By type, the construction sector accounts for 4,165 cases worth 3.0049 trillion KRW, and the service sector accounts for 1,264 cases worth 423.1 billion KRW.

Among these, construction works and services ordered by the province and cities/counties are estimated at 4,352 cases worth 1.5854 trillion KRW.

First, the province plans to order 224 cases worth 476.6 billion KRW, with major projects including the construction of the Chungnam International Exhibition and Convention Center (99.2 billion KRW) and the Obongcheon Local River Maintenance Project (24.3 billion KRW).

The order scale by city/county is estimated at 4,128 cases worth 1.1087 trillion KRW, including ▲Cheonan City with 542 cases worth 225 billion KRW ▲Asan City with 229 cases worth 135.1 billion KRW ▲Seosan City with 211 cases worth 113.9 billion KRW ▲Seocheon County with 241 cases worth 113.9 billion KRW.

Major projects include ▲Cheonan Football Complex Center Sports Facility Construction (21 billion KRW) ▲Seosan Treatment Area Sewer Pipeline Maintenance (23.5 billion KRW) ▲Seosan Biin Dasaji District Rural Village Sewerage Maintenance Project (23.5 billion KRW) ▲Yesan Water Purification Plant Expansion Project (28.3 billion KRW), among others.

This year, public institutions such as Korea Land and Housing Corporation (LH), Korea Rural Community Corporation, and Korea Water Resources Corporation are expected to order 643 cases worth 1.2242 trillion KRW in construction and service contracts from nine organizations.

Additionally, the Provincial Office of Education is expected to order 327 cases worth 434.6 billion KRW, the Daejeon Regional Land Management Office 75 cases worth 144.6 billion KRW, and the Daesan Regional Maritime Affairs and Fisheries Office 32 cases worth 39.2 billion KRW.

The province plans to collect public institution order plans and distribute them to construction-related associations and companies within the province. For more detailed information, inquiries can be made through the province’s Construction Policy Division.

Hong Soon-kwang, head of the province’s Construction Policy Division, said, “We will provide information on public institutions’ local order projects in advance to expand opportunities for local companies to participate in bidding,” and added, “We also plan to prepare and promote measures to expand local subcontractor participation in large private construction projects such as apartments.”

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