Accelerating the Construction of Access Road to Gimhae Daedong Advanced General Industrial Complex ... Completion by 2028

The construction project for the access road to the Gimhae Daedong Advanced General Industrial Complex has passed the feasibility re-evaluation by the Ministry of Economy and Finance.

Gimhae City announced on the 24th that on the 20th, the project passed the feasibility re-evaluation at the Ministry of Economy and Finance's Fiscal Project Evaluation Committee, and the construction is expected to gain momentum.

According to the city, the road will connect to the southeastern road among the access roads to be developed in the Daedong Advanced General Industrial Complex located in Wolchon-ri, Daedong-myeon.

By 2028, a 3.6 km section will be constructed with 2 to 4 lanes, and the total project cost of 64.5 billion KRW will be fully funded by the national government.

Route map of the entrance road construction section for the Gyeongnam Gimhae Daedong Advanced General Industrial Complex. [Provided by Gimhae City Hall]

The city explained that since the initial total project cost was below 50 billion KRW, a preliminary feasibility study was not conducted, but due to increased compensation costs and others, the total project cost rose above 50 billion KRW, necessitating a feasibility re-evaluation.

With the project’s feasibility secured through approval by the Ministry of Economy and Finance, the city plans to promptly proceed with land and obstacle compensation and follow-up administrative procedures to open the road early.

The Gimhae Daedong Advanced General Industrial Complex, aiming for balanced east-west development in the Gimhae area and to become the largest industrial complex in Gyeongnam, began construction in June 2017 and is scheduled for completion by the end of this year.

Located in Wolchon-ri, Daedong-myeon, with a total area of 2,804,000 square meters, it will house manufacturing companies in chemicals, metals, pharmaceuticals, medical precision optical instruments, electronic components and communication equipment, transportation equipment, as well as automobile and industrial machinery and equipment repair businesses.

Lee Jae-hyung, Director of Urban Development, said, “We will do our best in the follow-up procedures to promptly complete the project so that the handling of cargo volume generated by the industrial complex, reduction of logistics costs, and smooth traffic circulation will be possible.”

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