Seongnam City Urges Government to Abolish Bundang Redevelopment Quotas and Include Regional Railway in National Plan

Seongnam, Gyeonggi Province, announced that it has submitted proposals to the central government calling for the inclusion of the new southern Gyeonggi metropolitan railway project in the national plan and the abolition of annual redevelopment supply quotas for the Bundang new town.

The city submitted a policy proposal containing these measures during a national briefing session for local government heads held at the presidential office today (August 27).

The proposed southern Gyeonggi metropolitan railway is a 50.7-kilometer-long route connecting Jamsil in Seoul with Seongnam, Yongin, Suwon, and Hwaseong.

Noting that a joint preliminary feasibility study conducted by the four local governments proved its economic viability with a benefit-to-cost (B/C) ratio of 1.20, the city requested that the project be designated as a new initiative in the 5th National Railway Network Plan.

Regarding the revitalization of first-generation new towns, the city also urged the withdrawal of restrictions on annual redevelopment project quotas for Bundang.

This is based on the argument that keeping Bundang's supply capped at the initially planned scale is problematic, especially given the overwhelming demand for redevelopment—applications for leading district designations flooded in at six to seven times the baseline quota.

Accordingly, the city proposed lifting supply caps at the initial designation stage of redevelopment zones and instead adopting a management approach that regulates demand at the approval stage when actual relocation occurs.

Additionally, the city called for the delegation of authority over the approval of basic urban regeneration plans to the mayors of large cities, alongside an analysis of relocation demand on a wider metropolitan community scale.

(Photo provided by Seongnam City, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.