Gimpo City to Launch Full-Scale City Route 22 Gomak-Yonggang Section Project... Compensation Begins Early Next Year

Gimpo City and LH Sign Land Banking Agreement
4.2 km, Two-Way, Two-Lane Road... KRW 39.1 Billion Invested
Mayor Lee Gihyeong: "Expecting Improved Transportation and Balanced Regional Development"

The long-delayed construction project for the City Route 22 Gomak-Yonggang section in Gimpo City, Gyeonggi Province, is set to move forward in earnest.

Location map of the Sido Line No. 22 Gomak-Yonggang Road Construction Project. Provided by Gimpo City.

Gimpo City, Gyeonggi Province (Mayor Lee Gi-hyeong), announced on September 14 that it signed a public land banking project agreement with Korea Land & Housing Corporation (LH) on September 9 for the construction of City Route 22.

The public land banking project is a system in which the LH Land Bank compensates and acquires land needed for public projects first, and then supplies it to project implementers. Through this system, Gimpo City expects to alleviate its initial compensation burden and expedite land acquisition and project progress.

The project will connect a 4.2 km stretch from Gomak-ri in Wolgot-myeon—where Gimpo International Sculpture Park and Gimpo Youth Training Center are located—to the private civilian control line in Yonggang-ri, with a road 12 meters wide and two lanes in both directions. The total project cost is approximately 39.1 billion won.

So far, difficulties in securing compensation funds have delayed both land compensation and project implementation. However, being selected on March 10 by the Ministry of Land, Infrastructure and Transport as a target for the "2026 Public Development Land Banking Project" enabled the city to restart the project.

The city plans to complete the public land banking project approval process in the second half of this year and begin land compensation through LH at the beginning of next year. Construction is scheduled to begin in the second half of next year, with the goal of completing the project by the end of 2029.

Mayor Lee Gi-hyeong of Gimpo City stated, "This agreement has established the foundation for the full-scale promotion of the long-delayed City Route 22 construction project. We will work closely with LH to ensure that subsequent procedures, such as land compensation, proceed smoothly so that we can address citizens' transportation inconveniences as soon as possible and do our utmost to promote balanced regional development."

This content was produced with the assistance of AI translation services.