Osan City's "Gyueldong New Market Matchplace Harmony Village" Selected for National Land Ministry Urban Regeneration New Deal Project

[Suwon Ilbo=Reporter Seo Dong-young] On the 3rd, Osan City announced that the "Gyueldong New Market Matchplace Harmony Village Project" has been finally selected for the "2020 Second Urban Regeneration New Deal Project" announced by the Ministry of Land, Infrastructure and Transport.

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

Among these, Osan City's Gyueldong New Market Matchplace Harmony Village project site was designated as a New Town in 2011 and had its housing redevelopment district designation cancelled in 2014.

Due to two rounds of New Town and redevelopment designations and cancellations, resident conflicts intensified, and the residential community that had been built over decades was at risk of collapse.

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

In addition, the city plans to maximize the effects of the urban regeneration project through the street housing improvement project around Mugunghwa Apartments, establishment of a community center, street improvements, water and sewage repairs, and renovation of vacant houses.

The project investment includes national funds of 9 billion won, provincial funds of 1.8 billion won, city funds of 9.2 billion won, internal projects of 3.3 billion won, private investment of 72 million won, and funds of 1 billion won, with a total project cost of 24.3 billion won to be invested by 2024.

Gwak Sang-wook, Mayor of Osan City, said "I am very pleased that the old Gyueldong district, which was a long-cherished project of Osan City, has been selected for the first time in Osan City through the urban regeneration new deal project," and "We will discover additional urban regeneration projects targeting underdeveloped areas and create comprehensive plans including vacant house renovations to create an opportunity to transform the paradigm of the old city center."