Gyeonggi Province Secures 4.7 Trillion Won in National Budget... Increased by 1.03 Trillion Won

Analysis of the 2015 government budget that passed the National Assembly on the 2nd shows that Gyeonggi Province secured 4.7059 trillion won in national budget for major projects, an increase of 1.0273 trillion won compared to the requested amount.

According to Gyeonggi Province on the 4th, this government budget includes most of the province's key policy projects such as the KTX Suwon Station Departure Project, establishment of Korea Polytech University in the northern Gyeonggi region, expansion of roads and major railway networks, relocation of Pyeongtaek base, Pyeongtaek Godeok Industrial Complex, and creation of the Korean Peninsula Ecological Peace Belt.

Looking at the major national budget projects secured, first, 200 million won in service costs for directly connecting Seojongni Station on the Gyeongbu Line and Jije Station on the Capital Region Rapid Transit Line were additionally secured during the National Assembly deliberation process. This budget is related to the 'KTX Suwon Station Departure' project, one of the major policy pledges of Gyeonggi Province Governor Nam Kyung-pil.

The 'KTX Suwon Station Departure Project' being pursued by Gyeonggi Province is a project to connect the general railway line on the Gyeongbu Line and the dedicated high-speed railway line between Seosu and Pyeongtaek (targeted for opening in the first half of 2016) with construction underway (4.5 km connection). It is expected to significantly enhance KTX accessibility for residents in the southern Capital Region.

In addition, 1.4377 trillion won in project costs for 19 railway lines to address traffic congestion in the Capital Region were also secured.

The Capital Region Express Transit (GTX) secured 115.8 billion won in common facility construction costs for the Samsung~Dongtan section and 10 billion won in private investment support costs for the Ilsan~Samsung section, and project costs for Byeolnae Line, Hanam Line, Sinansan Line, Jinjeop Line, Indeokwon~Suwon, West Coast Line (Hongseong~Songsan), and Yeoju Line (Seongnam~Yeoju) were all increased by 62 billion won.

To promote road projects in the northern Gyeonggi region with poor infrastructure, 863.4 billion won in national budget was also secured, making it possible to strengthen investment in SOC fields in northern Gyeonggi such as the Guri~Namyangju~Pocheon private expressway, the National Route 3 alternative bypass road in Sangpae~Chungsan area, and Local Road 56 in Jori~Beobwon~Sangsu. Service costs of 400 million won required for the establishment of Korea Polytech University in northern Gyeonggi were also secured.