Yeosu City Launches Final 'All-Out Effort' to Secure Next Year's National Budget

Meeting with Woo Won-sik, Chair of the Special Committee on Budget and Accounts, and Budget Committee Members at the National Assembly on the 18th

Mayor Jeong Gi-myeong - Requests Full Support for Next Year's Local Government Budget Proposals

[Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon] Jeonnam Yeosu City (Mayor Jeong Gi-myeong) announced that on the 18th, during the National Assembly Budget and Accounts Committee subcommittee period, it visited the National Assembly to make a final all-out effort to secure national funding ahead of the confirmation of next year’s government budget proposal.

Mayor Jeong Gi-myeong visited the office of Woo Won-sik, Chairman of the Budget and Accounts Special Committee, and the offices of Assemblymen Park Jeong and Yoon Young-duk, members of the Budget and Accounts Committee, in the afternoon to explain local pending projects in detail and request full support.

The main proposed projects include ▲an increase of 34 billion KRW in construction costs for the Hwatae~Baekya road construction in Yeosu ▲a reflection of 1 billion KRW for the preliminary feasibility study for highway construction ▲an increase of 4.2 billion KRW for the maintenance project of aging wastewater pipelines at the Yeosu National Public Wastewater Treatment Facility ▲a reflection of 4.5 billion KRW for the establishment of explosion-proof and fire safety infrastructure for the Yeosu Petrochemical Complex Smart Plant.

Additionally, following the Ministry of Trade, Industry and Energy’s ‘Carbon Neutral Industrial Core Technology Development Project’ passing the preliminary feasibility study last month with a total project cost of 935.2 billion KRW, a budget request was made to include projects not reflected in this regular National Assembly budget increase review.

▲37 billion KRW for the development project of petrochemical by-product gas methane conversion technology ▲31 billion KRW for the development project of directly heated electric furnace technology, budgets aimed at reducing greenhouse gases in the Yeosu National Industrial Complex, the largest petrochemical complex in Korea.

Mayor Jeong Gi-myeong stated, “We plan to devote all efforts until the final approval of the government budget so that pending projects that will be the future growth engines of Yeosu can be reflected as much as possible in the national budget,” adding, “We will definitely achieve the pending projects to realize ‘Mihang Yeosu,’ the hub city of the South Coast, by joining forces with the local community and political circles.”

Yeosu City achieved a result of reflecting 350 billion KRW in next year’s government budget proposal as a result of continuous efforts to secure national funding, including a meeting on August 2nd between Mayor Jeong Gi-myeong and the Budget Office Director of the Ministry of Strategy and Finance and heads of central government departments.

Yeosu=Asia Economy Honam Reporting Headquarters Reporter Choi Cheol-hoon hss79@asiae.co.kr

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