Incheon Songdo 5-gyo Construction Feasibility Study Service Launched... Target Completion in 2028

Scheduled Section of Songdo 5 Bridge [Provided by Incheon Free Economic Zone Authority]

[Asia Economy Reporter Park Hyesook] Preparatory work has begun for the construction of Songdo Bridge 5 (New Port Bridge), which connects downtown Incheon and Songdo International City.

The Incheon Free Economic Zone Authority announced on the 3rd that it signed a service contract with Sambo Engineering Group last month and has started a feasibility evaluation for the construction of Songdo Bridge 5.

The service is being promoted to build a permanent bridge because large freight vehicles such as containers traveling on Incheon New Port Boulevard currently use the temporary provisional bridge, Songdo Bridge 5, and there are concerns about safety vulnerabilities if it is used for a long period.

Additionally, with the development of the Incheon New Port hinterland complex underway and the planned commencement of infrastructure work for Songdo District 11-1 within this year, an increase in traffic volume and port cargo volume is expected, so this is to prepare for that.

According to a survey by the Incheon Free Economic Zone Authority, the number of vehicles using the temporary provisional bridge is increasing daily, with an average of about 14,000 freight and passenger vehicles per day.

This feasibility evaluation service will establish a project plan through reviewing the bridge type, scale, and traffic system, predict traffic demand, and conduct economic and financial analyses for benefit estimation.

The Incheon Free Economic Zone Authority plans to apply for a preliminary feasibility study with the Ministry of Economy and Finance if the project’s viability is proven in the feasibility evaluation to be completed by April next year. Subsequently, the construction of Songdo Bridge 5 is planned to be fully promoted with a goal of starting in 2025 and completing in 2028.

Songdo Bridge 5, with a total project cost of 100 billion KRW, is planned as a bridge connecting Namdong Industrial Complex, Songdo District 11, and Incheon New Port, with a length of 700 meters, width of 17 to 50 meters, and a main line of 4 lanes.

An official from the Incheon Free Economic Zone Authority stated, "We will strive to pass the preliminary feasibility study next year to secure 50% of the total project cost from national funds."

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