Construction of Infrastructure in Incheon Songdo 11-1 District to Start in First Half of Next Year... Completion by 2026
Panorama of Songdo International City District 11 [Photo by Incheon Free Economic Zone Authority]
View original image[Asia Economy Reporter Park Hyesook] Construction of infrastructure in District 11 of Songdo International City, Incheon, which is being developed as an advanced industry cluster including bio industries, will begin in the first half of next year.
The Incheon Free Economic Zone Authority announced on the 3rd that it plans to start construction of infrastructure in District 11-1, where land reclamation has been completed among Songdo District 11, in the first half of next year and complete it by 2026.
The infrastructure construction project for District 11-1 will be carried out in three phases?Phase 1 (2021?2024), Phase 2 (2022?2025), and Phase 3 (2023?2026)?with a total project cost of about 800 billion KRW.
The Phase 1 project area is adjacent to the existing Songdo Districts 5 and 7 and Bio-daero, and plans to attract domestic universities, bio-related companies, and research and development (R&D) facilities.
Songdo District 11 consists of an artificially created reclaimed land area of 6.92 km², and when combined with surrounding wetlands and waterways, the total area is 12.45 km².
This area is planned to be developed as a mini new city with self-sustaining functions by complexly arranging industrial, business, commercial, and residential land, as well as public facilities such as parks, green spaces, and schools.
Land reclamation in Songdo District 11 is currently underway in three phases. The infrastructure construction in District 11-1, where reclamation began in 2011 and was completed in April 2016, will officially start in the first half of next year. Currently, about 90% of the infrastructure design for District 11-1 has been completed.
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Lee Won-jae, head of the Incheon Free Economic Zone Authority, stated, "The infrastructure construction in District 11, which is being developed as an advanced industry cluster including bio industries in connection with Songdo Districts 5 and 7, will be fully underway in the first half of next year. Once development is completed with District 11, Songdo will become the best city with comprehensive competitiveness in terms of planning and location, more than any other city."
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