The Seoul city will utilize the public contributions received during the process of changing the district unit plan for transit-oriented development projects to create the Amsa Historical Park and construct the road connecting Gwangwoon University Station and Wolgye-ro.
On the 11th, the city of Seoul noted that it held a committee meeting to discuss the operation of the installation fund for public facilities and the expansion plan for public facilities utilizing public contributions.
The city decided to allocate 22.9 billion won for the creation of Amsa Historical Park, which has been a long-unexecuted facility, and 9.37 billion won for the road construction project between Gwangwoon University Station and Wolgye-ro.
Amsa Historical Park was first designated in 2006, but it faced difficulties due to financial conditions and securing large-scale compensation, and it was approaching the expiration of the urban planning in 2026. By utilizing public contributions, the city plans to establish the basic plan and complete land compensation within this year, and to construct the park in phases by 2027. The park is expected to include the Prehistoric Village Forest, Amsa Garden Center, and the Bit-sal Plaza.
The road construction project connecting Gwangwoon University Station and Wolgye-ro was delayed due to difficulties in securing funds, but it has been rescheduled in connection with the Gwangwoon University Station development project. The city plans to complete the project by 2026 after completing land compensation within this year, which will improve the road traffic system and prepare for the increase in traffic volume due to development projects near Gwangwoon University Station.
The funding for the installation fund for public facilities was raised by receiving a portion of the public contributions in cash when the land use was changed in development projects for complex land use areas or large-scale idle land.
Previously, the scope of public contributions from development projects was limited to the respective district unit planning areas, restricting their use in regions lacking public facilities. With the amendment of the National Land Planning Act in July 2021, cash payments were allowed if sufficient public facilities were secured within the respective district unit planning areas, enabling use in areas needing public facilities.
The city of Seoul has begun to utilize the cash from contributed acceptance generated from the development projects of the northern station area at Seoul Station and the logistics site development project at Gwangwoon University Station for the 'public facilities installation fund' for the first time.