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Busan Invests KRW 250 Bn in Developing New Port in Busan Port
The office will first invest KRW 137.4 billion in the development of a new port and secure 17m deep waters to ensure safe navigation of large-scale container ships.
Also, it will promote the establishment of a port hinterland in the western area and begin construction of a port hinterland in the southern area in the second half of the year.
It will invest KRW 94.7 billion in the existing ports including North Port, Gamcheon Port and Dadaepo Port to reinforce the seawalls and carry out maintenance work.
Furthermore, the office will invest KRW 11.5 billion in the coastal maintenance project. It will continue to restore the Haeundae beach to what it was like in the 1970s and will also create a healing beach area for tourists and Busan residents.
"We will invest 60 percent of this year’s budget in the first half of the year to revitalize the economy of the construction industry in Busan and strive to create a marine cultural space for everyone who visits our city," said an official at the Busan Port Office.
yulnetphoto@newsis.com
Source Text
Source: Newsis (January. 07, 2015)
** This article was translated from the Korean.
Date
2015.01.23
Views
838
(BUSAN=NEWSIS) The Busan Port Office of the Busan Regional Oceans & Fisheries Administration announced January 7 that it will invest KRW 250 billion in developing a new port in the Busan Port in 2015.
The office will first invest KRW 137.4 billion in the development of a new port and secure 17m deep waters to ensure safe navigation of large-scale container ships.
Also, it will promote the establishment of a port hinterland in the western area and begin construction of a port hinterland in the southern area in the second half of the year.
It will invest KRW 94.7 billion in the existing ports including North Port, Gamcheon Port and Dadaepo Port to reinforce the seawalls and carry out maintenance work.
Furthermore, the office will invest KRW 11.5 billion in the coastal maintenance project. It will continue to restore the Haeundae beach to what it was like in the 1970s and will also create a healing beach area for tourists and Busan residents.
"We will invest 60 percent of this year’s budget in the first half of the year to revitalize the economy of the construction industry in Busan and strive to create a marine cultural space for everyone who visits our city," said an official at the Busan Port Office.
yulnetphoto@newsis.com
Source Text
Source: Newsis (January. 07, 2015)
** This article was translated from the Korean.