Wednesday, September 9, 2009

Budget concerns in Yeosu ahead of Expo.

Some budget shortcomings are plaguing what is arguably the biggest thing to happen to the region. The Korea Times writes:
A recent report by the Ministry of Land, Transport and Maritime Affairs stated that the completion of several major infrastructure plans, including new railways, highways and port facilities, have been delayed until the latter half of 2012.

Designed to improve accessibility to Yeosu from other parts of the country, the projects were initially supposed to be completed before the Expo opening.

Some opposition lawmakers claimed that the budget for the 2012 Yeosu Expo was slashed because of the skyrocketing expenses needed for President Lee Myung-bak's trademark "Four River Restoration Project."

"We need 1.6 trillion won for completion of major infrastructure projects on schedule in 2010 and 2011, but the government will only commit around 900 billion won," Rep. Joo Seung-yong of the main opposition Democratic Party (DP) said in a recent statement.

One of the world's largest events after the Olympics Games and the FIFA World Cup, the Expo has been held since the mid-19th century. The Yeosu Expo will be held from May 12, 2012 to Aug. 12, 2012. It is preceded by the Shanghai Expo in 2010.

And, I can't get through a story on an event in Jeollanam-do without a line like this:
Officials and residents are hoping that the Expo will be an impetus for the province's transformation to a comprehensive international marine leisure town.

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