Pohang City Strives Toward Becoming the Hub of the East Sea Region ... Securing Future Competitiveness with a Super Gap

Secured 1.4107 Trillion KRW National Investment Budget, Establishing Ultra-Gap Competitiveness

Accelerating Construction of East Coast Hub City Including Securing Design Costs for Yeongilman Bridge

Rapid Industrial Infrastructure Development

Pohang City, which secured a national investment budget of 1.4107 trillion KRW this year to lay the foundation for securing a super-gap future competitiveness, is accelerating the promotion of key projects using this momentum.

Aerial view of Yeongilman Bridge.

First, Pohang City secured 135 billion KRW in this year’s national investment budget for the design and construction costs of the Yeongilman Cross-section Highway (Yeongilman Bridge), a long-awaited local project, and is stepping up preparations for groundbreaking.

The Yeongilman Cross-section Highway is a road connecting Donghae-myeon in Nam-gu and Heunghae-eup in Buk-gu of Pohang City, included in the Donghae Expressway Pohang?Yeongdeok section (30.9 km). The total length is 18 km, including a 9 km marine section. Pohang City is making every effort to push the project forward by continuously consulting with central government ministries to enable turnkey ordering of the Yeongilman Bridge project this year.

Following last year’s success in passing the preliminary feasibility study for the hydrogen fuel cell power generation cluster project, the city is accelerating efforts to strengthen competitiveness in the eco-friendly hydrogen energy industry this year.

After securing 4 billion KRW in the national investment budget for the pipeline network connecting POSCO and the Blue Valley National Industrial Complex, the promotion of the ‘Northern Region Bus Public Garage Hydrogen Transportation Complex Base Construction Project,’ selected by the Ministry of Land, Infrastructure and Transport, is also expected to speed up.

This project, aimed at converting hydrogen city buses and hydrogen commercial vehicles in the Yeongilman 4 General Industrial Complex, plans to secure 7.5 billion KRW in national funds from this year through 2025, investing a total of 12.8 billion KRW to build a multi-purpose complex charging facility including liquefied hydrogen charging infrastructure, ultra-fast electric vehicle charging stations, and auxiliary facilities.

Pohang City, which achieved designation as a national advanced strategic industry secondary battery cathode material specialized complex last year, is using this as a stepping stone to vigorously promote related projects such as infrastructure development to enable new industry companies to settle in the region.

To this end, the city secured 15.4 billion KRW in national investment budget for design and construction costs of the industrial water supply project in the Yeongilman Industrial Complex and 400 million KRW for the feasibility study of the Pohang Blue Valley National Industrial Complex water supply project (Phase 2).

Additionally, it secured 200 million KRW for the design cost of the buffer retention facility installation in Yeongilman 4 Industrial Complex and 1.5 billion KRW for the construction cost of the buffer retention facility installation in Yeongilman 1 Industrial Complex, and will invest 2.6 billion KRW in national funds for the construction of industrial water pipelines in the Yeongilman Industrial Complex.

Based on this infrastructure, Pohang City is focusing on early revision of the Blue Valley National Industrial Complex management master plan, timely supply of industrial water, and stable power infrastructure construction.

Furthermore, in connection with the establishment of a 1.5 trillion KRW scale global data center campus within the Blue Valley Industrial Complex by 2028, the city is dedicating efforts to AI and big data-based digital transformation.

This year, it is accelerating designation as a Gyeongbuk-type digital innovation hub and investing 2.8 billion KRW in national funds for facility and equipment construction of the steel and metal digital transformation (DX) demonstration center.

Based on this, Pohang City plans to fully focus on advancing the industry by integrating manufacturing and digital technologies and creating jobs preferred by young people.

Mayor Lee Kang-deok said, “Building on the meaningful achievements made last year, I will work hard this year to secure Pohang’s future competitiveness,” adding, “Through fostering new growth industries and infrastructure construction for building Pohang as the hub city of the East Sea Rim, we will make Pohang an even better city to live in.”

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