Pohang City Inspects Large-Scale Investment Projects... Driving Vitality in the People's Economy

Rapid Execution Target Set at 62% for the First Half, 8% Higher Than Ministry of the Interior and Safety's Goal
Strategic Focus on Projects with Significant Ripple Effects... Boosting the Local Economy

On the 23rd, Pohang City held a 'First Half Rapid Execution Large-Scale Investment Project Inspection Meeting' chaired by Mayor Lee Kang-deok, attended by heads of national, bureau, office, and division, as well as key department heads.

Pohang City held the "First Half Rapid Execution Large-Scale Investment Project Inspection Meeting" on the 23rd at the city hall's main conference room, chaired by Mayor Lee Kang-deok. Photo by Pohang City

At this meeting, current issues related to rapid execution in the first half of the year were shared, and execution plans for major large-scale investment projects exceeding 3 billion KRW per bureau were reviewed.

Pohang City set its own target of 62%, which is 8% higher than the Ministry of the Interior and Safety's original goal of 54%, aiming to execute 1.045 trillion KRW out of the total 1.6854 trillion KRW in the first half of the year to revitalize the struggling local economy.

To strategically focus on projects with significant ripple effects, administrative efforts will be concentrated on ▲ prioritizing budget and fund allocation for rapid execution target projects ▲ intensive management of progress and execution status for large-scale investment projects over 1 billion KRW ▲ thorough preparation for pre-administrative procedures.

Additionally, by actively utilizing the 'Rapid Execution Utilization Guidelines' and 'Temporary Special Measures for Local Contracts' (such as emergency bidding, advance payments, progress payments, and advance notification systems), full efforts will be made to promote rapid execution, while actively identifying difficulties arising from delays in administrative procedures by departments and delays in national fund disbursement.

Mayor Lee Kang-deok urged, "Amid difficult domestic and international economic conditions, all departments should devote their full efforts to financial execution to achieve the rapid execution targets in the first half of the year in order to revive people's livelihoods and the neighborhood economy."

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