Hanyang Wins 58 Billion KRW Contract for 'Ulsan Buksinhang Liquid Berth Construction'

Ulsan Buksinhang Liquid Pier Construction Project Bird's-Eye View

[Asia Economy Reporter Donghyun Choi] Hanyang announced on the 30th that it has won the contract for the construction of the liquid cargo berth at Ulsan Bukshin Port.

This project is commissioned by Ulsan Port Authority to build a dedicated liquid cargo berth (one berth, 50,000 DWT) in the front sea area of Hwangseong-dong, Nam-gu, Ulsan. The construction period is three years from the start date, and the total contract amount is approximately 58 billion KRW (Hanyang's share 80%). Hanyang plans to start construction in January 2021 and complete it by December 2023.

Once the liquid cargo berth is constructed, a reclamation area of 159,000 square meters will be secured. This is expected to simultaneously reduce dredged soil disposal costs occurring within Ulsan Port and resolve the shortage of dedicated liquid cargo berths.

Hanyang has a stable track record in various sectors including public, turnkey, and private projects in ports, and is expected to carry out the project steadily. In the public sector, it completed the Daesan Port multipurpose berth this year and is currently working on the Sacheonjin Port maintenance project. In the turnkey sector, it has experience with the construction of the east breakwater at Hongdo Port completed in 2018, and in the private sector, it is undertaking the port redevelopment project for the dredged soil landfill at Myodo, Gwangyang Port.

Meanwhile, Hanyang has laid the foundation for future businesses such as housing development, smart cities, and energy by winning contracts for the Changwon Gyeonghwa District redevelopment project, Incheon International Airport refueling facilities, and Saemangeum floating solar power project this year, and being selected as the preferred negotiator for the Sejong Smart City national pilot city (Sejong 5-1 residential zone) public project. In particular, it plans to transform into a smart city, housing development, and energy company by successfully advancing renewable energy projects such as the recently started additional construction plan approval for the Northeast Asia liquefied natural gas (LNG) hub terminal and the Gwangyang biomass power plant scheduled to begin construction next year.

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