Yongin opens third-party bids for 377.6 billion-won Green Eco Park waste plant

Yongin City has designated the 377.6 billion-won Yongin Green Eco Park waste-treatment project as a private-investment undertaking and opened it to third-party proposals, fixing pre-qualification submissions for 12 December 2026 and technical and price bids for 10 February 2027. The call is carried as 용인시공고 제2026-3054호 (Yongin City Notice No. 2026-3054), signed by the Yongin City Mayor and published in the Official Gazette (관보) No. 21360 of 12 November 2026.

The designation rests on Article 8-2 of the Act on Private Participation in Infrastructure (「사회기반시설에 대한 민간투자법」), which allows infrastructure to be designated for private investment, while the proposal procedure follows Article 9 of the same act and Article 7 of its enforcement decree. The notice states that an initial proposal is already on file from (가칭)용인그린환경주식회사 — Yongin Green Environment Co., a provisional name — and that the original proposer is granted a preference score of 0 per cent of total evaluation points.

The notice describes the project as a profit-and-loss-sharing revenue-type private-investment scheme, BTO-a (Build-Transfer-Operate-adjusted), at 덕성리 산72-1, 이동읍, 처인구, Yongin, in Gyeonggi Province.

Two plants, 650 tonnes of capacity a day

• Resource recovery (incineration) facility: 500 tonnes a day, two stoker lines of 250 tonnes a day each.
• Minimum operating days: 315 a year for the first three years, 300 a year from the third year onward.
• Waste-heat recovery facilities and residents’ convenience facilities: one set.
• Living Resource Recovery Centre (recycling): 150 tonnes a day, 260 operating days a year.
• Construction period: 48 months from the start of works, including four months of commissioning.
• Operating rights: 20 years from the start of operations.
• Estimated total project cost: 377,635 million won at 1 December 2023 constant prices, excluding land compensation.

Two-stage timetable and a single submission desk

• Stage one, pre-qualification (PQ) documents: 12 December 2026, 09:00 to 18:00, the 30th day counted from the day after publication.
• Stage two, technical and price evaluation papers: 10 February 2027, 09:00 to 18:00, the 90th day.
• Venue: Korea Environment Corporation, Environmental Facilities Office, Private Investment Project Division, 42 Hwan-gyeong-ro, Seohae-gu, Incheon (Gyeongseo-dong integrated environmental research complex), telephone 032-590-3355.
• Postal submissions are not accepted, and applicants must bring identification and proof of employment.
• The cut-off is 18:00; if the closing date falls on a public holiday, Saturdays included, it moves to 18:00 the next day.
• Only proposers that pass stage one are admitted to stage two.

Written questions may be filed twice, within 10 days and within 30 days of the day after publication, using the prescribed form, and answers are issued individually within seven days of each deadline. The administering authority will not answer questions submitted after the deadlines.

Capital thresholds and disqualification risk

A proposal must be filed in the name of a corporation or of the representative of a corporation to be established. Where a proposer comprises five or more investors, actual or planned, the top three must hold at least 50 per cent combined and the largest at least 25 per cent; during construction the proposer must keep equity at no less than 15 per cent of total private investment. All costs must be built into the project and operating cost lines, and any proposal exceeding the estimated total project cost is disqualified outright.

Three planning documents are open to inspection for 90 days from the day after publication, between 09:00 and 18:00: the 2035 Yongin Urban Management Basic Plan, the Gyeonggi Province Second Resource Circulation Implementation Plan and the Yongin City Second Resource Circulation Executive Plan. Enquiries go to the Yongin City Resource Circulation Division, Resource Facilities Team, on 031-6193-3378.

For construction and environmental operators the notice is a rare chance to hold a 20-year operating concession on 500 tonnes a day of incineration capacity in one of Gyeonggi Province’s largest cities, with the recycling centre bundled into the same contract. The adjusted BTO-a structure also means the winning consortium shares the facility’s profit and loss with the city rather than carrying demand risk alone, which lowers the entry barrier for mid-sized bidders while raising the weight of the technical evaluation. With PQ papers due in one month, the December screening will decide which consortia reach the February price round.

Source: 관보 (Official Gazette of the Republic of Korea), No. 21360, 12 November 2026, Notices (공고) (official reference: 용인시공고 제2026-3054호).