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Ulsan Port Authority to Invest KRW 20 bln to Upgrade the Port
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According to Yonhap News,


Ulsan Port Authority (UPA) said on February 16th that it would invest KRW 20 billion to improve the productivity of Ulsan Port.


UPA will inject KRW 14 billion by 2013 to facilitate night-time loading and unloading by installing more lights and fenders, aimed to operate the Port around the clock.


Also, KRW 2.5 billion will be invested from this month to the end of this year to carry out safety test on 15 piers and facilities including general and coal piers. Repair and reinforcement work will be conducted based on the test results.


For costumer convenience and port safety, RFID-based automatic entry certification system will be established with the investment of KRW 2.1 billion.


Port logistics information system will be installed at UPA by injecting KRW 300 million from this month to June.


Buoys of SK Energy will be removed and the place will be taken by a liquid cargo transshipment berth. Old and worn out port facilities will be constantly repaired.


Source Text


Source: Yonhap News (Feb. 09, 2011)


**This is an English translation of a Korean news article.