Gyeonggi-do to Support Urban Renewal Projects with 6.8 Billion KRW in Second Half of the Year

Gyeonggi Provincial Government

Gyeonggi Province will provide an additional 6.8 billion KRW in support for 38 urban maintenance projects in the second half of the year, following the 2.2 billion KRW support for 13 urban maintenance projects in the first half through the Urban Residential Environment Maintenance Fund.

The Urban Residential Environment Maintenance Fund is established and operated to facilitate the smooth progress of urban and residential environment maintenance projects. It is a fund created to support the establishment of basic and maintenance plans by city and county, safety inspections, vacant house maintenance, usage costs, and single-family house repair projects.

The additional support for urban maintenance projects was selected through a demand survey conducted by cities and counties in March.

For urban maintenance projects, the fund aims to reduce the initial cost burden, which is difficult to secure in the early stages of the project, and to reflect the increased demand due to the relaxation of the "Safety Inspection Standards for Housing Reconstruction Judgments" by focusing support on the costs for basic and maintenance plan establishment services and safety inspections.

The support details by project are as follows: ▲ 1 basic plan (440 million KRW) ▲ 8 maintenance plans (1.79 billion KRW) ▲ 28 safety inspections (2.67 billion KRW) ▲ 1 comprehensive maintenance project management system establishment (1.86 billion KRW).

Goseuk Ko, Team Leader of the Remodeling Support Team at Gyeonggi Province, stated, "Gyeonggi Province will continue to support the initial costs of maintenance projects to ensure smooth project progress," adding, "We will do our best to improve the aging residential environment."

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