Gangwon-do, Total Investment of 1.7397 Trillion KRW... Development of 6 Ports in Gangwon Region

Trade and Coastal Ports 10-Year Development Blueprint

[Asia Economy Reporter La Youngcheol] Gangwon Province announced on the 31st that "in accordance with the government's 4th Basic Port Plan, a total of 1.7397 trillion KRW will be invested in the development of six ports in the Gangwon region by 2030."

According to the province, a total of 1.315 trillion KRW will be invested in the development of Donghae and Mukho Ports, with the basic goal of establishing hub ports to support the East Sea Rim industrial zone.

The Donghae New Port's berths 2 and 3 have been changed from private investment projects to public finance projects, and the plan includes 7.14 km of port traffic facilities (access roads and railways) and the addition of berth 8 (one berth for 50,000-ton class ships and other ore piers).

Mukho Port will transfer its cargo handling functions to Donghae Port and relocate Donghae Port's international passenger pier to Mukho Port, transforming it into a passenger tourism-centered port and enhancing waterfront functions.

Sokcho Port is planned to receive a total investment of 216.2 billion KRW as a gateway port for tourism in the East Sea region, including the expansion of the pier by 90 meters to accommodate large cruise ships over 220,000 tons and the reconstruction of a 1.0 km breakwater.

Okgae Port will receive a total investment of 49.7 billion KRW to be developed as a new industry support port. The plan includes the development of one 50,000-ton class berth (other ore pier) to handle cargo volumes flowing into the hinterland industrial complex.

Samcheok Port will invest a total of 21.4 billion KRW as a cement and raw materials industry support port. Reflecting the recent trend of larger raw material handling vessels, berth 3 will be expanded from 5,000 DWT to 10,000 DWT (cement pier) to increase berthing capacity.

Jumunjin Port will invest a total of 18.1 billion KRW to construct a 146-meter waterfront pedestrian bridge connecting the fish market to the east breakwater, creating a tourist circulation route that allows visitors to the fish market to use the pedestrian bridge, pass through the east breakwater, and move to the northern area of Jumunjin Port.

Um Myung-sam, head of the East Sea Rim Headquarters, stated, "This 4th Basic Port Plan is a blueprint for the next 10 years of trade and coastal ports in the Gangwon region," adding, "We will lead the development of high value-added ports by assigning concepts to each region and port in the Gangwon area."

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