Gyeongsangnam-do Invests 20.1 Billion KRW in Regional Balanced Development Projects to Minimize Development Gaps Among 18 Cities and Counties

[Asia Economy Yeongnam Reporting Headquarters, Reporter Jucheol In] Gyeongsangnam-do confirmed the 2022 Regional Balanced Development Project Implementation Plan on the 15th.

The Regional Balanced Development Project is a five-year plan aimed at minimizing development disparities between regions within the province, based on the 'Gyeongsangnam-do Regional Balanced Development Support Ordinance.'

At the beginning of 2018, the development levels of cities and counties were analyzed, and support has been provided to 13 cities and counties excluding five relatively well-developed cities (Changwon, Jinju, Gimhae, Geoje, Yangsan) among the 18 cities and counties in the province.

This year's Regional Balanced Development Project implementation plan will invest 20.1 billion KRW in 11 cities and counties. It is a final-stage project accounting for 4.5% of the total project cost of 449 billion KRW for the 2nd phase regional balanced development plan (2018?2022).

Projects include the creation of Namhae Dongdaeman Ecological Park, Goseong Namsan Park Healing Camp, Uiryeong Dokkaebi Golden Cave, Haman Bongseong Reservoir Tourism Development, Sacheon Silan Sunset and Photo Zone installation, and Hadong Choi Champan House renewal.

Gyeongnam Province plans to discover distinctive and competitive projects from cities and counties for the 3rd phase (2023?2027) development plan starting in 2023, and to establish stable support measures such as agreements with the central government to secure differentiated strategies and financial resources.

A Gyeongnam Province official said, “We will closely cooperate with the relevant departments and cities/counties to complete the 2nd phase regional balanced development project and establish the 3rd phase regional balanced development plan this year to create growth engines in underdeveloped areas within the province and promote mutual development.”

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