The public nature and efficiency of port redevelopment projects have been enhanced, providing a basis for the integrated development of public upper and lower facilities.
The Ministry of Oceans and Fisheries announced that the 'Partial Amendment Bill on the Law Regarding Port Redevelopment and Development of Surrounding Areas' passed the National Assembly on September 3. This amendment is the first since the Port Act was separated and enacted in May 2020.
Previously, port redevelopment projects primarily focused on land development, with private entities responsible for constructing upper facilities on the developed land. This separation led to delays in development and a decline in public interest.
The ministry anticipates that the new amendment will provide a basis for integrated public development, preventing delays in projects.
Under the new regulations, when establishing a project implementation plan for port redevelopment, plans for both lower facilities, such as land development, and upper facilities, including buildings on the developed land, must be included. Additionally, provisions have been established to allow public institutions, such as the Port Authority, to participate in the development of upper facilities through sales or leasing.
Furthermore, project implementers must submit plans to the managing authority if they intend to dispose of or directly use the developed land. Plans must also be submitted when leasing or selling to private entities.
Previously, there were issues with the management of disposal plans during the land sale process, leading to inadequate oversight by the managing authority. To address this, the ministry has strengthened management measures.
Measures have also been put in place to prevent delays in the transfer of facilities due to differences in opinions with the managing authority after the construction of infrastructure such as roads and parks. It is now mandatory to consult with the managing authority and involve them in the completion inspection process. Additionally, steps have been included to ensure a smooth transfer of infrastructure.
Minister of Oceans and Fisheries Hwang Jong-woo stated, "With this legal amendment, redevelopment projects that have been delayed for a long time, such as the North Port phases 1 and 2 and Incheon Inner Port berths 1 to 8, can gain momentum. We will do our best to implement the laws so that aging and unused ports can transform into new competitive assets for the region."
* This article has been translated by AI.
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