Changwon City and Ministry of Land, Infrastructure and Transport to Establish a 'Regional Hub Smart City' in Jinhae-gu
Construction Starts This December with 26 Billion KRW Investment by 2024
Establishing Community-Centered Services in Yeoja, Chungmu, and Taebaek-dong
[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Changwon City in Gyeongnam signed a business agreement with the Ministry of Land, Infrastructure and Transport on the 17th to promote the Regional Hub Smart City Development Project.
The Changwon Regional Hub Smart City Development Project is a project to establish 11 citizen-centered smart city services in four areas?transportation, environment & energy, health & welfare, and governance activation?across Yeojwa-dong, Chungmu-dong, and Taebaek-dong in Jinhae-gu.
A total budget of 26 billion KRW is expected to be invested by 2024, including 12 billion KRW each from national and local governments and 2 billion KRW from private investment.
Last December, the city formed a consortium with seven organizations including Changwon Industry Promotion Agency and SK Telecom, was selected for this year’s Regional Hub Smart City Development Project contest, and after consultations with the Ministry of Land, Infrastructure and Transport, supplemented the project plan and signed the agreement.
Based on the project plan, the city intends to establish an implementation plan by November, obtain approval from the Ministry of Land, Infrastructure and Transport, and aim to start construction in December.
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Ryu Hyojong, Director of the Smart Innovation Industry Bureau, said, “Through this Regional Hub Smart City Development Project, we will create a model to resolve issues in the old downtown area of Jinhae.”
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