Ulsan Advances Toward a 'Hub-Type Smart City'... Smooth Progress with Ministry of Interior and Safety Central Investment Review Approval

Ulsan City to Complete Detailed Design in September and Service Implementation Next Year

Ulsan City's 'Hub-type Smart City Development Project' recently passed the Ministry of the Interior and Safety's first 2024 Central Investment Review for local finance, accelerating the project's progress.

This project was selected in May last year through a public contest by the Ministry of Land, Infrastructure and Transport, and after receiving approval for the implementation plan from the Ministry last month, it also passed the Central Investment Review.

The Central Investment Review is an administrative procedure that examines the necessity and feasibility of new investment projects by metropolitan local governments when the project scale exceeds 30 billion KRW.

Ulsan City plans to complete the detailed design by September and start with service projects, aiming to finish by 2025.

An official from Ulsan City stated, "To promote this project, we signed a memorandum of understanding for mutual cooperation last November with nine project consortiums, including Jung-gu Office and Ulsan Technopark. Since this is a regionally specialized project where resident participation and cooperation are crucial, we plan to communicate with residents from the design stage to build tangible services."

The 'Ulsan City Hub-type Smart City Development Project' is a project aimed at enhancing regional competitiveness by building services utilizing intelligent city technologies.

By next year, a total of 43.3 billion KRW (20 billion KRW each from national and city funds, and 3.3 billion KRW from private investment) will be invested to establish 14 services across four sectors in Jung-gu Ujeong Innovation City and Seongan-dong areas.

The four sectors are △ Mobility △ Energy △ Life △ Data, and the 14 services include demand-responsive transit (DRT) autonomous buses, renewable energy measurement systems, smart traffic facilities, and a data convergence innovation center.

Ulsan City Hall.

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