Osan Selected for Ministry of Land, Infrastructure and Transport Urban Regeneration New Deal Project at Gwuldong Saejangter Eoulter Hwamok Village

[Suwon Ilbo=Reporter Seo Dong-young] Osan City announced on the 3rd that the 'Gwuldong Saejangter Eoulter Hwamok Village Project' has been finally selected as an urban regeneration new deal project in the '2020 Second Public Competition Urban Regeneration New Deal Project' announced by the Ministry of Land, Infrastructure and Transport.

The Ministry of Land, Infrastructure and Transport held its 24th Urban Regeneration Special Committee meeting the same day and selected 47 regions as urban regeneration new deal project sites, including 33 general neighborhood-type projects, 4 residential support-type projects, and 10 revitalize-our-neighborhood projects.

The Osan Gwuldong Saejangter Eoulter Hwamok Village project site is a location where the New Town designation was lifted in 2011 and the Housing Redevelopment Improvement District designation was lifted in 2014.

Due to two rounds of New Town and redevelopment designations and cancellations, residential conflicts intensified, and the community established over decades was facing a crisis of collapse.

The city expects that resident conflicts will come to an end through this selection for the urban regeneration new deal project.

Additionally, the city plans to maximize the effects of the urban regeneration project through street housing redevelopment projects around Mugunghwa Apartment, construction of a community center, street improvement, repairs to water and sewage systems, and repairs to vacant houses.

The project budget totals 24.3 billion won by 2024, comprised of 9 billion won in national funds, 1.8 billion won in provincial funds, 9.2 billion won in city funds, 3.3 billion won in direct city projects, 72 million won in private investment, and 1 billion won in funds.

Osan City Mayor Kwak Sang-wook said, "I am very pleased that the old Gwuldong district, a long-cherished project for Osan City, has been selected as the first urban regeneration new deal project in Osan," and added, "I will develop comprehensive plans, including identifying additional urban regeneration projects targeting underdeveloped areas and vacant house renovation, to create an opportunity to shift the paradigm of the old downtown."