Mayor Hong Nam-pyo, "Changwon's Future Depends on Securing National Funds" ? All-Out Efforts

Changwon Special City in Gyeongnam Province announced on the 28th that a large number of key projects that will drive the city's future for the next 50 years have been included in the 2025 government budget plan, which was finalized by the government after a Cabinet meeting on the 27th.

Changwon Special City Hall.

Changwon Special City Hall.

View original image

In this government budget plan, 150 out of 166 key projects (excluding annual and repetitive projects) for which Changwon City requested national funding were included, totaling 597.6 billion KRW (out of the requested 904 billion KRW). Sixteen projects (requested funding of 42.4 billion KRW) were not included.


The main projects reflected in the budget include: ▲Establishment of the Machinery and Defense Industry Manufacturing Digital Transformation (DX) Support Center, 4.6 billion KRW (total project cost: 28.2 billion KRW); ▲Development and demonstration of manufacturing-specialized super-large manufacturing AI services, 5.9 billion KRW (total project cost: 22.7 billion KRW); ▲Establishment of the SMR Robot Utilization Production Support Center, 2.6 billion KRW (total project cost: 32.3 billion KRW); ▲Establishment of the AI and Big Data-based Medical and Bio Advanced Device Research and Manufacturing Center, 3 billion KRW (total project cost: 25.7 billion KRW); ▲Expansion and demonstration support for the e-mobility motor remanufacturing industry, 1.5 billion KRW (total project cost: 19.8 billion KRW); ▲Operation of Changwon Foreign Worker Support Center, 200 million KRW (total project cost: 400 million KRW); ▲Smart Senior Center Establishment Project, 400 million KRW (total project cost: 2.8 billion KRW); ▲Software-Centered University Support Project (Kyungnam University), 2 billion KRW (total project cost: 9 billion KRW); ▲K-Art Masil Island Network Establishment, 1 billion KRW (total project cost: 11.7 billion KRW); ▲Masanhang Station Future-Oriented Transfer Center Establishment Project, 400 million KRW (total project cost: 53.3 billion KRW); ▲Jinhae New Port Construction Project, 434.7 billion KRW (total project cost: 7.9208 trillion KRW), among others.


For projects that were not included, the city plans to make all-out efforts to secure as much national funding as possible during the National Assembly review stage by visiting the Ministry of Economy and Finance led by Mayor Hong Nam-pyo to build consensus on the necessity of the projects through preliminary explanations, and by establishing a close cooperation system with local members of the National Assembly.


Mayor Hong stated, "It is not easy to secure national funding as the government is maintaining a strong fiscal soundness policy," adding, "Since the key projects our city is pursuing are innovative projects that will be responsible for Changwon's next 50 years, we will do our utmost to ensure they are included as much as possible during the National Assembly review stage."





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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing