More than 70% of Public Construction Projects in Daegu Region to be Early-Ordered This Year... Worth 1.348 Trillion Won

Expectations for Job Creation and Revitalization of the Stagnant Local Economy

Kwon Young-jin, Mayor of Daegu.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Daegu City announced on the 18th that it will expedite the issuance of more than 70% of public construction projects scheduled to be ordered within the city this year by the first half of the year to revitalize the stagnant local economy.

Early issuance of public construction projects is expected to serve as a catalyst for job creation and revitalization of the stagnant local economy.

This year, Daegu plans to expedite the issuance of at least 1.348 trillion KRW, which corresponds to 70% of the 1.9265 trillion KRW in public construction costs to be ordered in the Daegu area, within the first half of the year.

The major projects targeted for issuance in the first half include the ‘Installation of Sewage Trunk Pipeline in the Middle Stream of Geumho River’ worth 47 billion KRW ordered by Daegu City, the ‘Construction of Suseong Happiness Dream Center’ worth 30.8 billion KRW ordered by Suseong District, the ‘Geumho Waterpolis General Industrial Complex Development Project’ worth 16.3 billion KRW ordered by Daegu Urban Corporation, and the ‘School Space Innovation Project for Suchang Elementary School West Building’ worth 13.8 billion KRW ordered by Daegu Metropolitan Office of Education.

The city is striving to exceed the early issuance target within the first half by promptly conducting administrative procedures such as early budget allocation, feasibility study services, environmental and traffic impact assessments, technical and design VE reviews, land compensation negotiations, and qualification evaluations.

In addition, regarding early issuance, the city plans to encourage the use of local manpower, materials, and equipment in cooperation with the Construction Association and construction companies, and continuously explore institutional improvement measures.

Daegu Mayor Kwon Young-jin said, “We will do our best to expand bidding opportunities for local projects through information sharing with local companies and to make early issuance of public construction projects a driving force for revitalizing the local economy.”

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