Menu Content
Go Top

Politics

35 Large-Scale Projects Exempted from Feasibility Study for Past Decade

Written: 2024-02-11 14:16:23Updated: 2024-02-11 17:09:41

35 Large-Scale Projects Exempted from Feasibility Study for Past Decade

Photo : YONHAP News

A total of 35 large-scale construction and welfare projects were exempted from a feasibility study for the past decade.

According to the Finance Ministry on Sunday, the feasibility study was exempted for a total of 271 projects between 2014 and 2023, 12-point-nine percent of 35 of which were projects that cost more than one trillion won each.

Of the 35, a construction project for a new airport on Gadeok Island in the southern port city of Busan was the largest, with an estimated cost of 13-point-75 trillion won.

The feasibility study for the project was exempted after the approval of the government in 2022 following the parliamentary passage of a special bill on the project.

The second largest project exempted from a feasibility study was a 13-point-36 trillion won program for the government’s childcare subsidy, which was introduced in September 2018.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >