Military Facility Reservation District Removal and Development Project Summary

Project Summary

• Location : Omi·Wansan·Geumno·Do·Jaksan-dong area
• Period : 2013~2020(8 years)
• Estimated budget : 5,000 mil. KRW
• Major contents : apartment, industrial complex, golf resort, general hospital, university, etc.
  ※ Public development : sharing profit between the city and development subject

Implementation Strategy

• Step-by-step development plan
  • Step-by-step development plan : 1,736,000㎡(525,000 pyong) 1st step : Discussing relocation of the sites of 50 Division, Omi Unit and Korea Army Academy at Yeongcheon → 450,000㎡(136,000 pyong)
    - Gogyeong Shooting Range, Hwasan Ranger Training Field Facility Removal
  • 2nd step : Removing (adjusting) military reservation district for 2 Ammunition Depot → 1,286,000㎡ (389,000 pyong)
• Principle of borne by causers : Special Purpose Company (SPC) or private consortium
• Looking for development subject : Reflecting profit-making model in which private corporations can beinterested on the development plan and providing exceptional investment incentive

Expected Effect

• Preparing epoch-making basis for city development that changes the map of Yeongcheon
• Overcoming the limit of 60 years military city and growing into core point city in Gyeongbuk and southeast are
• Inspiring the self-respect to the citizens who are accustomed to the sense of lost

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Establishing ○○ Unit straight road and facility relocation project Project Summary

Project Summary

• Period : 2013~2016(4 years)
• Project Cost : 41,300 mil. KRW (173 for facility relocation and 240 for new road construction)
• Straight road : L = 2.5Km, B=35M(75M if buffer green belt is included)
  ※ 1st removing military facility reservation : 780,000㎡(230,000 pyong)
• Location: Nambu-dong area (Geumno-dong, Do-dong, Wansan-dong, Jaksan-dong)

Progress

• Removal of military facility reservation, approval of project method of relocating partial facility
• Working department reviewing on the Ministry of National Defense's facility relocation project

Problems and Alternative

• The self-supply of project budget for the construction of straight road → struggle to secure government/provincial expenditures

Future Plan

• Attempting development by securing private developer as a city development project based on the city development law along with the facility relocation finished (industry, logistics, residence and commercial site)
• Effort to secure government expenditure for the road construction (2014, Ministry of Land, Transport and Maritime Affairs)