Daejeon Yuseong Complex Terminal Project Moves Forward After Ministry of Interior and Safety Investment Review Approval
Construction Project with 37,00 sqm Total Floor Area to Cost 45.6 Billion Won
Construction to Be Tendered in November, Completion Targeted for 2025
Daejeon City announced that the 'Yuseong Integrated Terminal Construction Project' has passed the Ministry of the Interior and Safety's central investment review and will now move forward in earnest.
After passing the central investment review last October with conditional approval for the second phase following the detailed design, the city has completed all administrative procedures, including the basic and detailed design, value engineering review, and construction technology deliberation.
The Yuseong Integrated Terminal will be built near Guam Station on Daejeon Metro Line 1, with a total investment of 45.6 billion KRW and a total floor area of 3,700 square meters. The currently temporary Yuseong intercity bus stop will continue to be used even after remodeling.
A Daejeon City official stated, "All administrative procedures for issuing the construction order within this year are proceeding smoothly," and added, "The construction order will be issued in November, and the goal is to complete the Yuseong Integrated Terminal by the end of 2025."
Meanwhile, the Yuseong Integrated Terminal construction project, which has been promoted since 2010, saw four failed attempts to attract private operators. In November 2020, the city sought a public development approach without fiscal input by selling residential complex buildings, but this was not realized.
Mayor Lee Jangwoo shifted the development direction in February last year, deciding to invest city funds to create a premium terminal focused on passenger facilities for the central region by 2025.
Additionally, the original terminal site has been subdivided, with 17,080 square meters of support facility land to be sold to the private sector for convention and multi-cultural facilities, and 7,067 square meters of land secured for public office buildings in preparation for future public institution relocations.
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