Hanwha Construction Wins 112.3 Billion KRW Contract for 'Yeongjong~Sindo Peace Road'

[Asia Economy Reporter Onyu Lim] Hanwha Construction announced on the 21st that it has won the contract for the first phase section of the West Sea North-South Peace Road, the ‘Yeongjong~Sindo Peace Road’ connecting Yeongjongdo and Sindo in Incheon.

This project was ordered by Incheon Metropolitan City through a turnkey (design and construction lump-sum bidding) method, involving the construction of a total 4.05km section including a marine bridge and connecting roads from Unseo-dong (Yeongjongdo), Jung-gu, Incheon to Sindo-ri (Sindo), Bukdo-myeon, Ongjin-gun. The total construction cost is 112.3 billion KRW.

A Hanwha Construction official explained, "This project includes a marine bridge approximately 2.52km long, requiring high technical skills. Since the design score to price score ratio was 70 to 30, design capability was especially important. Hanwha Construction succeeded in winning the project by receiving high scores in the design evaluation based on its experience and technical skills in constructing various marine bridges such as Siwha Bridge and Incheon Bridge."

Industry analysts suggest that Hanwha Construction specialized the bridge design to accommodate future expansion to four lanes and proposed a bridge design with excellent scenic qualities and specialized facilities to promote local tourism, which led to favorable results.

Hanwha Construction plans to lay the foundation for the West Sea North-South Peace Road, which will serve as a passage connecting the North and South, through this Yeongjong~Sindo Peace Road construction project. The West Sea North-South Peace Road construction project is a large-scale project connecting approximately 80.44km from Yeongjongdo in Incheon through Sindo and Ganghwa-do to the Kaesong Industrial Complex and Haeju in North Korea, with the Yeongjong~Sindo Peace Road being the first starting point.

Furthermore, once the Yeongjong~Sindo Peace Road is completed, it is expected to alleviate the inconvenience of residents of Sindo, Sido, and Modo, who previously had to use boats to travel to the mainland, and greatly contribute to the revitalization of tourism in Bukdo-myeon, Ongjin-gun.

Park Yong-deuk, Head of Civil and Environmental Business Division at Hanwha Construction, said, “We plan to carry out the construction with a sense of mission as this is a historic road that will become the cornerstone of peace in the West Sea North-South region,” adding, “Based on Hanwha Construction’s outstanding marine bridge design capabilities and construction skills, we will complete it as a premium bridge and premium road.”

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