Gyeonggi Province plans to build 7 "roads that businesses want." Since March, the province has been implementing a top-priority road policy focused on corporate needs to revitalize the regional economy.
Following this policy, the province has already opened 3 roads desired by businesses and is currently pushing forward 4 additional projects.
According to the province on the 11th, it will open the access road to Hyundai Technical Research Institute in Hwaseong City on the 12th, which was built with 8.2 billion won in provincial and municipal funds (length 2.96㎞, width 11m).
The access road project was expedited by more than a year ahead of the original schedule after Hyundai Technical Research Institute requested its urgent opening from Governor Son Hak-kyu during his visit to the institute in early December of last year.
Hwaseong City, which was in the road design phase at the time, had originally planned to complete the road by the end of the following year due to insufficient budget, but the province decided to provide 40 billion won in support, enabling early completion.
The province is also opening an access road to a concentrated factory area in Paltan-myeon, Hwaseong City with 4.2 billion won in investment, targeting completion by the end of this year, and is proceeding with construction of the access road to Korea Seal Master in Daegot-myeon, Gimpo City (project cost 5 billion won, length 1.2㎞) with a target completion date of May next year.
Additionally, the province is spending 5.7 billion won to open 2 access roads to concentrated factory areas in Seungdu-ri, Gongdo-myeon, Anseong and the nearby Yongdu-ri concentrated factory area, with planned openings by July and September of next year. The province is currently carrying out detailed design and administrative procedures.
Prior to this, the province opened the access road to Delphi's research institute in Yongin in July and requested the Korea Expressway Corporation to expand the Giheung interchange of the Gyeongbu Expressway connecting to the Samsung Electronics industrial complex.
In particular, the Delphi research institute access road was built when the company was considering abandoning its relocation due to road development difficulties. The province provided financial support and directly built the road, which was evaluated as providing fresh momentum to other foreign investment companies considering entry into Korea.
A province official said, "For the economy to thrive, corporate activity must be vigorous above all else," and "We will prioritize policies to create an environment conducive to business."
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