Ulsan Office of Education, Smooth Negotiations for Bangojin Elementary School 'Build-Transfer-Lease (BTL)' Project

Bird's-eye view of the project proposal for Ulsan Bangojin Elementary School.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Ulsan Metropolitan Office of Education announced on the 11th that negotiations with the preferred bidder for the 'Green Smart Future School Lease-type Private Investment Project (BTL)' are progressing smoothly.

The Green Smart Future School project involves transforming buildings that have been completed for over 40 years into spaces suitable for future-oriented teaching and learning.

The total floor area of the target school, Bangojin Elementary School, is 10,975㎡, with 24.4 billion KRW of private investment involved.

The preferred bidder was selected through an evaluation of private business plans by the Korea Educational Development Institute and was decided in April as the provisional name Ulsan Mirae Baeumteo (Ulsan Future Learning Center).

Ulsan Mirae Baeumteo is planning an open plaza-style library accessible to everyone and is negotiating to build a diverse community space tailored to Bangojin Elementary School.

The Ulsan Office of Education has held three main negotiations, achieving satisfactory results in the second main negotiation held on June 6, following the first on May 19.

Among the 17 metropolitan and provincial offices of education, the Ulsan Office of Education is the only one adding a specialized field called curriculum, negotiating as a strategy to creatively harmonize school spaces and curricula.

An official from the city education office stated that negotiations with the preferred bidder regarding school layout, design, and schedule will continue until September, with an agreement to be signed and construction planned to start in January 2023.

The lease-type private investment project school is scheduled to complete facility construction by July 2025, and the project operator will be responsible for management and operation for 20 years from the completion date.

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