Goyang-si Passes Central Investment Review for 'Hub-Type Smart City Development Project'

A Step Closer to a Hub Smart City in Northern Gyeonggi
A Budget of 40.2 Billion KRW Allocated... Completion by 2025

The ‘Hub-type Smart City Development Project’ promoted by Goyang Special City, Gyeonggi Province (Mayor Lee Dong-hwan) has finally passed the first round of the 2025 Central Investment Review for Local Finance conducted by the Ministry of the Interior and Safety.

Smart city development project applied to transportation and urban operations. Provided by Goyang Special City

According to Goyang Special City on the 4th, the ‘Central Investment Review for Local Finance’ is a procedure to review the necessity and feasibility of a project when the scale of a new investment project by a local government is 20 billion KRW or more.

The hub-type smart city development project, which will provide eight smart services in the fields of transportation and urban operation throughout Goyang Special City, will have a budget of 40.2 billion KRW and is planned to be completed by 2025.

To establish the only regional hub smart city in northern Gyeonggi, Goyang Special City signed a memorandum of understanding for mutual cooperation with eight companies including Korea Land and Geospatial Informatix Corporation (LX) and Jinwoo ATS, and plans to build eight services including ▲Digital Twin ▲Traffic Optimization ▲Autonomous Bus ▲Drone Valley ▲Intelligent Administrative Services ▲Smart Poles and Media Walls ▲Data Hub ▲Innovation Center Operation.

Mayor Lee Dong-hwan of Goyang Special City said, “We will strive to promote the creation of a smart city linked with the central government’s core projects such as Data Hub and autonomous driving, so that it can become an innovative model of a hub-type smart city.”

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