Pyeongtaek's Sinjang-dong New Deal Project Officially Kicks Off

[Suwon Ilbo=Reporter Seo Dong-young] Pyeongtaek City announced that the "Sinjang-dong Urban Regeneration Activation Plan," which was selected in October last year for the "Ministry of Land, Infrastructure and Transport Urban Regeneration New Deal Project Recruitment," has received final approval from Gyeonggi Province and will officially commence from the 27th, the announcement date.

The project being conducted in the International Central Market and Sinjang Shopping Mall area (107,891 ㎡) will be carried out over four years until 2023 with a total investment of 18.6 billion won, including 13.3 billion won in seed project funds and local budgets and funds.

The "Multi-faceted International City, Sinjang-dong" New Deal project, which presents the vision of "urban regeneration embracing multinational, multicultural, and multi-class communities," aims to transform the district into a youth and family culture-centered city by maximizing strategies that leverage the cultural and regional characteristics formed alongside the U.S. military base.

The project includes 17 detailed initiatives such as the creation of a Global Community Center, a cooperative commercial complex, a handmade clothing coworking space, and housing improvement projects. Detailed information on the project can be found on the city's website and official gazette.

A city official stated, "Prior to the approval of the urban regeneration activation plan, we operated a field support center and prepared the project through communication with local residents and the U.S. military. With the full-scale implementation of the project, it will contribute to revitalizing the Sinjang-dong area and boosting local commercial activity."