Date
2017.02.16
According to Yonhap News,
(SEOUL=Yonhap News) South Korea will allow the development and use of new roads and their surrounding spaces by private developers, the government said Thursday, a move also aimed at what it called three-dimensional use of space.
Currently, the space above or below a public road is also considered public property mostly owned, developed and used by the state, according to the Ministry of Land, Infrastructure and Transport.
The government plans to remove regulations concerning the ownership and use of such spaces to allow private ownership and development of those spaces.
"Until now, areas surrounding roads, which are public land, have only been allowed to be developed for public use. In the future, private developers will be allowed to develop and own various facilities in such areas," the ministry said in a press release.
The ministry said private use of such areas will also allow "creative" development of such space.
For instance, the underground space of a new road may host a luxurious department store or a convention center, instead of many mom-and-pop stores that are currently common in such places.
The planned removal of regulations will also enable active use of space above ground, for instance the space above a parking lot between two large buildings or even apartments, the ministry said.
This illustrated image provided by the transportation ministry shows an example of what the government calls three-dimensional development and use of space.
This illustrated image provided by the transportation ministry shows an example of what the government calls three-dimensional development and use of space. (Yonhap)
bdk@yna.co.kr
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
(SEOUL=Yonhap News) South Korea will allow the development and use of new roads and their surrounding spaces by private developers, the government said Thursday, a move also aimed at what it called three-dimensional use of space.
Currently, the space above or below a public road is also considered public property mostly owned, developed and used by the state, according to the Ministry of Land, Infrastructure and Transport.
The government plans to remove regulations concerning the ownership and use of such spaces to allow private ownership and development of those spaces.
"Until now, areas surrounding roads, which are public land, have only been allowed to be developed for public use. In the future, private developers will be allowed to develop and own various facilities in such areas," the ministry said in a press release.
The ministry said private use of such areas will also allow "creative" development of such space.
For instance, the underground space of a new road may host a luxurious department store or a convention center, instead of many mom-and-pop stores that are currently common in such places.
The planned removal of regulations will also enable active use of space above ground, for instance the space above a parking lot between two large buildings or even apartments, the ministry said.
This illustrated image provided by the transportation ministry shows an example of what the government calls three-dimensional development and use of space.
This illustrated image provided by the transportation ministry shows an example of what the government calls three-dimensional development and use of space. (Yonhap)
bdk@yna.co.kr
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
Source: Yonhap News (Feb. 16, 2017)