Daejeon Station Area Development Project to be Handled by Hanwha Construction Co., Ltd.

Perspective view of the 'Daejeon Station Area Development Project' by Hanwha Construction Co., Ltd. consortium. Provided by Korea Railroad

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Hanwha Construction Consortium (hereinafter Hanwha Construction) will undertake the development project of the Daejeon Station area.

According to Korea Railroad on the 3rd, Hanwha Construction was selected as the preferred negotiator for the Daejeon Station area development project, and HDC Hyundai Development Company was selected as the second negotiator.

The Daejeon Station area development project involves redeveloping the Complex Zone 2 commercial site (about 30,000㎡ near Daejeon Station) within the redevelopment promotion district (about 100,000㎡) in Jeong-dong and Soje-dong, Dong-gu, Daejeon.

Earlier, Korea Railroad conducted a public offering for selecting a business operator from March 31 to June 28, receiving business plans from two consortia, Hanwha Construction and Hyundai Development.

Subsequently, after evaluating the business plans in a blind manner, both consortia scored above the evaluation standard score (480 points out of 600) specified in the public offering guidelines, thus receiving a qualification rating for business execution capability.

However, Korea Railroad explained that Hanwha Construction received relatively higher evaluation scores in price and planning areas, thus securing the status of preferred negotiator.

In the public offering, Hanwha Construction submitted a business plan to build a complex facility including residential, retail, office, cultural, and lodging spaces under the concept of "connecting the city's space, time, and culture."

Going forward, Korea Railroad and Hanwha Construction will negotiate various conditions related to project planning, permits, construction, and operation management for 60 days, and then sign an agreement to implement the Daejeon Station area development project.

After signing the agreement, related permits such as changes to the redevelopment promotion plan and project implementation approval will proceed. In addition, to avoid delays in construction commencement, they plan to coordinate with Daejeon City to promote the construction of the Daejeon Integrated Office for relocating railway facilities within the project site and develop the transfer center site to secure public parking lots.

This content was produced with the assistance of AI translation services.