Gadeokdo New Airport Construction Corporation Accelerates Establishment

Legislative Notice for Enforcement Decree of Gadeokdo New Airport Construction Corporation Act and Related Bills from Next Month 1st

The establishment of a corporation dedicated to the construction project of Gadeokdo New Airport is expected to accelerate.

On the 30th, the Ministry of Land, Infrastructure and Transport announced that it will publicly notify the draft enforcement decree and enforcement rules for the 'Gadeokdo New Airport Construction Corporation Act' to establish the Gadeokdo New Airport Construction Corporation.

The corporation will be an institution responsible for the Gadeokdo New Airport construction project, including site development, runways, and passenger terminals, and is planned to be established in line with the enforcement date of the law next year following the passage of the corporation act last October.

First, the draft will stipulate procedures for government subsidies delegated by the corporation act, procedures for free lease and sublease of national property, the budget proposal that the corporation must submit annually to the Minister of Land, Infrastructure and Transport, and methods for issuing airport construction bonds.

Once the corporation is established, the duties of the Ministry of Land, Infrastructure and Transport under the Gadeokdo New Airport Act will be succeeded by the corporation.

However, tasks such as establishing the basic plan and approving the implementation plans and construction permits for other implementers, which are not related to the role of the new airport construction project implementer, will not be succeeded.

Kim Jeong-hee, head of the Gadeokdo New Airport Construction Promotion Team at the Ministry of Land, Infrastructure and Transport, said, "We will complete the establishment of the corporation by the end of April next year to ensure the smooth progress of the Gadeokdo New Airport construction."

The full text of the draft can be viewed on the Ministry of Land, Infrastructure and Transport website, and opinions can be submitted via mail, fax, or the website.

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