Busan New Port: South Korea’s Rail Infrastructure Expansion

South Korea’s Busan Port Authority is advancing its New Port Phase 2-5 project, a major South Korea construction initiative. It’s set to boost capacity, learn how!

Busan New Port: South Korea’s Rail Infrastructure Expansion
July 15, 2016 3:31 pm
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Introduction

In South Korea, the Busan Port Authority (BPA) is proceeding with its New Port Phase 2-5 construction project, with a total budget of ₩589.6 billion. The project, which began in December 2023, is scheduled for completion by December 2029.

Project Overview

The New Port Phase 2-5 project involves the construction of a container terminal with a total quay length of 800 meters. The project also includes the development of a 40-hectare yard and a 42-meter-deep berth. The total planned handling capacity is 1.6 million TEU (twenty-foot equivalent units) per year. The construction site is located in the Busan New Port area.

Contractors and Timelines

The main contractor for the project is Hyundai Engineering & Construction, selected through a public bidding process. The construction commenced in December 2023. The project is planned to be completed in December 2029. The total project budget is ₩589.6 billion.

Scope of Work

The construction work encompasses several key elements, including a container terminal with an 800-meter quay length, a 40-hectare yard, and a berth capable of accommodating vessels to a depth of 42 meters. The terminal is designed to handle 1.6 million TEU annually, thereby increasing the port’s overall capacity. The project site is situated in the Busan New Port area, representing a crucial expansion of the port infrastructure.

Economic Impact and Future Plans

The Busan Port Authority (BPA) anticipates that the New Port Phase 2-5 construction will significantly enhance the port’s handling capacity and operational efficiency. This will, in turn, contribute to the economic development of the Busan region. The project is a key element of the broader strategy for South Korea construction, aiming to solidify the country’s position as a major logistics hub in Northeast Asia. The completion of Phase 2-5 will further integrate with the existing port infrastructure to support increasing trade volumes.

Conclusion

The Busan Port Authority’s New Port Phase 2-5 construction project, with a budget of ₩589.6 billion, is progressing. The project, awarded to Hyundai Engineering & Construction, is expected to conclude in December 2029. The new terminal will feature an 800-meter quay, a 40-hectare yard, and a 42-meter-deep berth, with an annual handling capacity of 1.6 million TEU. The project is located in the Busan New Port area.

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Company Summary

Busan Port Authority (BPA): The Busan Port Authority is responsible for the management and development of the Port of Busan, a major international port in South Korea. The BPA oversees port infrastructure projects, promotes trade, and enhances the port’s operational efficiency.

Hyundai Engineering & Construction: Hyundai Engineering & Construction is a major South Korean construction company involved in various infrastructure projects, including ports, buildings, and industrial facilities.

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