Gyeonggi Province's New Administration Building Underground Parking Lot Groundbreaking on 24th...Completion Next Year
Suwon NewsPublished 2020.02.24 06:50
Groundbreaking for Gyeonggi Convergence Town 5-2 Zone construction...Gyeonggi Province administration building, Gyeonggi Southern Office of Education, representative library and other auxiliary parking facilities to operate jointlyTotal project cost of 109 billion won funded entirely through Gyeonggi Convergence Town complex development profits without provincial funding
[Suwon Ilbo=Park No-hun Reporter] Gyeonggi Province will commence construction of the underground parking lot, a key infrastructure facility of the Gyeonggi Convergence Town (Gyeonggi Province's new administration building), in the Convergence 5-2 zone of the Gwanggyo residential development district on the 24th.
The underground parking lot in Convergence Zone 5-2 will operate jointly with auxiliary parking facilities for the Gyeonggi Province administration building, Gyeonggi Southern Office of Education, and Gyeonggi Province Representative Library, spanning four underground levels with a total area of 51,434 square meters and providing 1,326 parking spaces. Completion is scheduled for April next year, with the upper portion of the underground parking lot to be developed as a lawn plaza for citizens' recreation and leisure.
The project cost is 109 billion won (519 billion won for land acquisition, 571 billion won for construction), to be covered entirely by development profits from the sale of commercial and office facility sites within Gyeonggi Convergence Town.
In returning the development profits from Gyeonggi Convergence Town to residents in the form of parking facilities and parks, this aligns with the province's key policy direction of the 'Development Profit Return to Residents Program.'
Yun Seong-jin, head of the Gyeonggi Province Construction Headquarters, stated, "Starting with the underground parking lot construction, we will seamlessly develop the infrastructure facilities of Gyeonggi Convergence Town, including Gyeonggi Garden, and will strictly manage construction to prevent resident complaints from noise, dust, and vibration that may occur during construction."
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