​Ministry of Land, Infrastructure and Transport, life-friendly urban regeneration smart technology support project competition

Minister of Land, Infrastructure and Transport Won Hee-ryong attends a cabinet meeting chaired by Prime Minister Han Deok-soo at the government complex in Sejong on the morning of the 13th.

The Ministry of Land, Infrastructure and Transport announced on the 18th that it would open a public competition for a life-friendly urban regeneration smart technology support project next year. This is to improve settlement conditions in the deteriorating and aging areas on the site of the urban regeneration project.

The application period is between November 15 and 16, and the final choice will be made in December after evaluation by an evaluation committee made up of experts in related fields.


The Ministry of Land, Infrastructure and Transport has been running a public competition every year since 2020 and has selected a total of 44 sites so far. Next year, about 15 business sites will be selected to support up to KRW 500 million per project site. Local governments bear 40-60% of the project cost depending on the corresponding ratio of the urban regeneration project.


Based on the participation of residents and private companies, local issues are discovered led by local government, and smart solutions such as choosing smart technology are supported.


A sustainable action plan that can be linked to administrators operated by local governments or related organizations or private participation is being planned.


Kim Sang-seok, head of the Urban Regeneration Project Planning Division of the Ministry of Land, Infrastructure and Transport, said, “Smart services are essential not only for new cities but also to improve settlement conditions in decaying and aging areas. I hope you do,” he said.


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