Sept 10, 2013
Gangwon-do Provincial Council Passed Legoland Agreement
(Chuncheon =Yonhap News) Lim Boyeon= Chuncheon Legoland project
At the 231st plenary session on 10th September, the
Gangwon-do Provincial Council decided to agree on Legoland Korea development
in its original form.
Therefore, Merlin Entertainments Group and Korean
investment companies will now be able to formally close a deal as the legal
foundation for building Legoland has been established.
Last month, Gangwon-do
changed its lakeside tourist resort creation plan.
This month a formal
agreement with Merlin Entertainments Group will be concluded and a series of
formalities, such as an investigation into and excavation of cultural assets,
development approval and commencement of construction, will be concluded.
Chuncheon Legoland Project seeks to attract 100 million dollars of foreign investment
capital and create a global them park.
As the investigation and excavation
of cultural assets should be preceded for groundwork, Gangwon-do is considering
having a symbolic groundbreaking ceremony in October.
will start as early as the end of this year after final design and individual
approvals, and the real construction work will commence in August next year.
The target completion year is 2016.
However, there is controversy surrounding
the formal agreement since it consists of two different contracts between the
Merlin Entertainments Group and Gangwon-do, and Gangwon-do and investment companies.
Critics are arguing that it is an unequal agreement as the responsibility and
duty of Gangwon-do for internal and external investment are excessive.
addition, there is still a lot of work to be done, such as constructing a bridge
as a priority, building a sewage processing facility and asking for support
from the government.