Gyeonggi Province Requests Government Support of 1.88 Trillion Won
Suwon NewsPublished 2015.05.17 00:03
Gyeonggi Province announced on the 17th that it has requested 1.88 trillion won in government funding from the central government to advance key projects.
Park Su-young, First Vice Governor, attended the Regional Finance Consultation Meeting hosted by the Ministry of Strategy and Finance held at the Administrative Support Center in Sejong City on the 15th, explained major pending projects and made the request.
Vice Governor Park and senior provincial officials proposed 1.88 trillion won in government funding support for 35 key projects across four sectors: 9 projects in economic budget, 8 in social budget, 10 in administrative budget, and 8 in overall budget.
The economic budget sector includes 9 projects requiring 674.7 billion won, including connecting Seojeong-ri Station on the Gyeongbu Line to Jije Station on the Metropolitan Express Railway and the Cheonwang-Gwangmyeong metropolitan road project.
Additionally, the province proposed an institutional improvement to eliminate current restrictions on metropolitan road projects that limit individual projects to 1 billion won or less with extensions of 5 kilometers or less.
The social budget sector requested 149 billion won for 8 projects, including 131.2 billion won for operating expenses of facilities for people with disabilities, 1.8 billion won for outstanding medical expenses for people with disabilities, and 5.9 billion won for asbestos slate roof improvement projects. The province also proposed converting child welfare facility operations transferred to local governments back to national treasury subsidy projects (70 percent national funding).
The administrative budget sector requested 462.6 billion won in support for 10 projects, including 132.4 billion won for the Hanam Line double-track railway construction, 103 billion won for support projects in areas surrounding U.S. military installations, and 41 billion won for natural disaster risk area improvement projects.
The overall budget sector selected 8 particularly important projects from proposals across all sectors and requested 598.2 billion won in support.
Send a news tip to Suwon IlboYour tip becomes the news · Your identity is protectedSend tipPark Su-young, First Vice Governor, attended the Regional Finance Consultation Meeting hosted by the Ministry of Strategy and Finance held at the Administrative Support Center in Sejong City on the 15th, explained major pending projects and made the request.
Vice Governor Park and senior provincial officials proposed 1.88 trillion won in government funding support for 35 key projects across four sectors: 9 projects in economic budget, 8 in social budget, 10 in administrative budget, and 8 in overall budget.
The economic budget sector includes 9 projects requiring 674.7 billion won, including connecting Seojeong-ri Station on the Gyeongbu Line to Jije Station on the Metropolitan Express Railway and the Cheonwang-Gwangmyeong metropolitan road project.
Additionally, the province proposed an institutional improvement to eliminate current restrictions on metropolitan road projects that limit individual projects to 1 billion won or less with extensions of 5 kilometers or less.
The social budget sector requested 149 billion won for 8 projects, including 131.2 billion won for operating expenses of facilities for people with disabilities, 1.8 billion won for outstanding medical expenses for people with disabilities, and 5.9 billion won for asbestos slate roof improvement projects. The province also proposed converting child welfare facility operations transferred to local governments back to national treasury subsidy projects (70 percent national funding).
The administrative budget sector requested 462.6 billion won in support for 10 projects, including 132.4 billion won for the Hanam Line double-track railway construction, 103 billion won for support projects in areas surrounding U.S. military installations, and 41 billion won for natural disaster risk area improvement projects.
The overall budget sector selected 8 particularly important projects from proposals across all sectors and requested 598.2 billion won in support.
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