Pyeongtaek City Selected for Three Consecutive Years in Urban Regeneration New Deal Competition

[Suwon Ilbo=Reporter Seo Dong-young] Pyeongtaek City has been selected for three consecutive years in the ‘2020 Urban Regeneration New Deal Competition’ hosted by the Ministry of Land, Infrastructure and Transport.

The city announced on the 4th that the Sinjang 2-dong area was finally selected in the Urban Regeneration New Deal Competition under the "Revitalizing Our Neighborhood" category.

Sinjang 2-dong was designated as a Redevelopment Promotion District (New Town) in 2008 but was rescinded in 2016, leaving the area neglected for an extended period.

Through the Urban Regeneration New Deal Competition, a total of 6.7 billion won (4 billion won in national funds, 900 million won in provincial funds, and 1.8 billion won in municipal funds) will be invested over three years for the urban regeneration project in this area, which requires balanced development as it is adjacent to the Godeok New City.

Four implementation strategies are planned, including the creation of living SOC and hub spaces through the construction of a Happiness Sharing Center, residential environment improvement projects such as alleyway maintenance and neighborhood garden creation, the Sinjang Sharing Project, and the expansion of urban regeneration self-reliance foundations through resident capacity building.

Pyeongtaek Mayor Jeong Jang-seon said, “While being selected in this New Deal competition is meaningful, it is more important that local residents participate and implement it,” and added, “New vitality will emerge in the Sinjang 2-dong area.”

Meanwhile, since the launch of the 7th elected term, the city has been promoting the ‘Pyeongtaek-type Urban Regeneration New Deal Project’ as a key initiative to resolve regional imbalance and revitalize the old downtown.

The Sinjang Area Urban Regeneration Activation Project, Anjeong Area Urban Regeneration Activation Project, Sinpyeong Area Urban Regeneration Activation Project, and Seojeong-dong New Renewal Project have been selected in the Urban Regeneration New Deal Competition, securing approximately 7 billion won in project funds, which are currently being implemented.