Public Procurement Service Announces 90 Construction Bids Including 'Ulsan Buksinhang Liquid Pier Construction'

Status Data on Regional Restrictions and Mandatory Joint Contracts by Region. Provided by the Public Procurement Service

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service announced on the 22nd that it will conduct bids for 90 construction projects worth approximately 445.9 billion KRW over five days starting from the 23rd, including the ‘Ulsan Buksinhang Liquid Wharf Construction’.

Among the total bidding projects, 78 are planned to be executed as region-restricted bids or region-mandatory joint contracts.

Through this, the Public Procurement Service expects that local companies will win contracts worth about 201.3 billion KRW (45% of the total).

Of these, region-restricted bids, in which only local companies participate, account for 42 projects worth approximately 84.8 billion KRW, and region-mandatory joint contracts, where local companies must form a joint consortium to participate, account for 36 projects worth about 116.5 billion KRW.

The ‘Ulsan Buksinhang Liquid Wharf Construction Project’ included in this week’s bidding (estimated price 71.1 billion KRW, project period 3 years) focuses on developing a dedicated liquid cargo wharf at Ulsan Port and creating a dredged soil disposal site in the hinterland.

Ulsan Port Authority expects that upon completion of the project in 2023, the liquid cargo handling capacity of Ulsan Port will increase by 1.5 million tons annually, making Ulsan Port the largest liquid cargo handling port in Korea.

Additionally, the creation of the dredged soil disposal site is expected to reduce processing costs and have a positive impact on maintaining the marine environment.

By region, the bidding scale is large with Ulsan at 88.3 billion KRW, Jeonnam at 62.3 billion KRW, and Gyeonggi at 47.1 billion KRW. Besides these, a total of 248.2 billion KRW worth of projects will be bid in other regions.

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