Jinhae-gu Byeongam District, Selected as Final Winner for Ministry of Land, Infrastructure and Transport Urban Regeneration New:Village Project

Changwon Special City, Gyeongnam Province, announced on the 23rd that the ‘Jinhae-gu Byeongam District New:Village Project’ has been finally selected in the 2024 Urban Regeneration Project competition hosted by the Ministry of Land, Infrastructure and Transport.

Changwon Special City Hall.

The newly established New:Village Project this year is a lifestyle-oriented project that has drastically shifted the urban regeneration paradigm from mainly decorating existing villages to focusing on citizens' livelihoods. To improve the residential environment of aging low-rise residential areas, the public sector supplies living infrastructure such as parking and safety, enabling the private sector to autonomously renovate housing facilities, supporting small-scale block unit development.

In response to changes in the Ministry of Land, Infrastructure and Transport’s urban regeneration policy in the first half of this year, the city quickly judged Byeongam District, which consists of a grid-type urban structure with block-centered low-rise houses, as an optimal target for the New:Village competition project and has been promoting the application accordingly.

With the selection of Byeongam District in this competition, a total project cost of 26 billion KRW will be supported with 17 billion KRW from national and provincial funds, and unit projects such as ▲ securing infrastructure ▲ creating convenience facilities ▲ promoting housing maintenance projects will be implemented over five years from 2025 to 2029.

In particular, a new public parking lot will be secured in Byeongam-dong, where parking spaces are insufficient, to improve the parking environment, and a safety-based pedestrian-friendly street will be created to enhance residents’ safety.

Hong Nampyo, Mayor of Changwon Special City, said, “The high interest and enthusiasm of Byeongam-dong residents for the New:Village Project greatly contributed to this selection. We hope that the urban regeneration project will act as a new vitality by providing institutional support in terms of public-private cooperation and supplying convenience and infrastructure facilities necessary for Byeongam-dong to improve residents’ quality of life and enhance the local image.” He added, “We will continue to make efforts to strengthen urban competitiveness through customized regeneration projects by region.”

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