Jinhae New Port Selected for Preliminary Feasibility Study

Preliminary Feasibility Study by KDI (Korea Development Institute) to Begin in May

Aerial view of Jinhae New Port.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] The first phase of the Jinhae New Port project was selected as a preliminary feasibility study project for 2021 on the 30th.

KDI plans to conduct a preliminary feasibility study from May to calculate a comprehensive evaluation of policy feasibility (AHP).

Gyeongnam Province, together with Changwon City and others, agreed to respond to the policy evaluation to pass the preliminary feasibility study of Jinhae New Port, and will promote government appeals and local events.

Starting with the Gyeongnam Changwon Chamber of Commerce Council and Busan Chamber of Commerce on February 4, government appeals demanding the prompt passage and construction of the Jinhae New Port were made at the Changwon City Council and Gyeongsangnam-do Provincial Council.

From January 22 to February 12, a public opinion survey was also conducted targeting 250 Changwon citizens to understand their perception and expectations regarding Jinhae New Port.

The survey results showed that 95.2% responded that the expansion of Jinhae New Port development is necessary, and 86.4% answered that Jinhae New Port would contribute to improving citizens' quality of life.

Accordingly, the province plans to promote awareness surveys targeting local university students, online signature campaigns, residents' briefings (public hearings), and expert forums.

The first phase of the Jinhae New Port project includes 9 berths of quay facilities, a port hinterland of 674,000㎡, 8.08 km of revetments, 1.4 km of breakwaters, and 6 km of port traffic facilities. The project cost is 7.7001 trillion KRW and is scheduled to be completed by 2031.

The construction of Jinhae New Port is expected to prepare for the enlargement of vessels and increase in cargo volume, secure a large-scale container terminal for maritime cargo handling, and strengthen companies' international competitiveness.

In addition, by developing it as an advanced smart mega port, it is expected to expand new investments, secure competitive advantages over major Northeast Asian ports, and maintain and enhance the status and competitiveness of the world's 6th largest port (2nd in transshipment).

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