Exploration Planning [Straight] ‘The numbers behind development pledges – politicians and the construction mafia’

2024-03-24 16:41:03

Last January, the Democratic Party announced a large-scale pledge to make major above-ground railway sections in the metropolitan area and nationwide underground.

Both parties were confident that they could solve the financial problem by attracting private investment rather than taxes.

The ruling and opposition parties, which were in a tense standoff over the issue of re-voting the Special Prosecutor Act on First Lady Kim Kun-hee, actually passed the Moonlight Railroad Special Act, which exempts the preliminary feasibility study of a large-scale project worth trillions of won to build a railroad connecting Yeongnam and Honam.

Voters have often heard rosy predictions that large-scale projects promoted by politicians and local government heads can be financed with private funds instead of taxes, and that the projects will do well.

 

→ MoaPic!