Announcement of legislation for establishment of Jeonnam Gwangju Transportation Corporation... Responsible for integrated city metropolitan transportation policy

(Jeonnam Gwangju = Yonhap News) Reporter Jang Deok-jong = The establishment of the Jeonnam Gwangju Transportation Corporation, which will be in charge of the metropolitan transportation policy of the integrated city, is being promoted by significantly expanding the functions of the Gwangju Transportation Corporation.

The plan is to grow it into a public enterprise that will not only operate the existing urban railway, but also take charge of demand response transportation (DRT), bus rapid transit (BRT), and public transportation support and refund projects.

According to the Jeonnam Gwangju Integrated Special City on the 16th, the city announced the enactment of an ordinance for the establishment of the Jeonnam Gwangju Transportation Corporation, which contains the legal basis for the establishment of the corporation.

The ordinance includes the establishment of a transportation corporation to comprehensively respond to metropolitan transportation demands following the launch of an integrated city and to provide citizens with quick and safe means of public transportation.

According to the ordinance, the Jeonnam Gwangju Transportation Corporation will be established as a corporation under the Local Public Enterprises Act, and its capital will be 1.9 trillion won, fully invested by the integrated city.

Currently, the location of the main office in Mareuk-dong, Seo-gu is determined by the articles of incorporation, but if necessary for business performance, a branch or office can be established with mayoral approval.

The scope of the business has expanded to include overall transportation.

The corporation can handle not only the operation of the urban railway, but also development projects for areas around the urban railway, and operation of living convenience and welfare facilities.

Demand-responsive passenger transportation projects and public shuttle bus and BRT projects in accordance with the Passenger Transport Business Act were also included.

The public transportation fee support and refund project that directly affects citizens was also specified as a project of the Transportation Corporation.

The corporation will serve as an organization that will implement metropolitan transportation policies such as integrated fares, transfer discounts, and transportation fee refunds promoted by the integrated city.

In order to combine the different transportation systems of Jeonnam and Gwangju into one metropolitan transportation network, the city is promoting public transportation connections between cities and rural areas, installation of metropolitan transfer centers, and integrated fare and transfer discount systems.

The possibility of expanding the corporation's business was also opened.

The Corporation may invest capital in corporations carrying out related businesses following resolution by the Board of Directors and market approval, and, if necessary, may establish and operate subsidiaries with market approval.

However, in order to make an investment or establish a subsidiary, the necessity and feasibility must be reviewed, reported to the mayor, and approved by the integrated city council.

An official from Jeollanam-do Gwangju City said, "We will collect opinions from citizens and experts to prepare the size and number of employees, handling of existing construction assets and personnel, and business scope."