Daewoo Industrial Development Wins Contract for Substructure Construction of Incheon New Port Phase 1-2 Container Wharf
[Asia Economy Reporter Ryu Tae-min] Daewoo Industrial Development announced on the 14th that it has secured a contract for the "Incheon New Port Phase 1-2 Container Wharf Substructure Construction" ordered by the Public Procurement Service on the 6th.
In this project, Daewoo Industrial Development will construct foundational facilities such as a quay wall (1,050m), revetment (226.1m), site formation (1 set), and dredging (1 set) to build three container-only berths capable of handling 4,000 TEU or more at the front sea area of Incheon New Port in Songdo-dong, Yeonsu-gu, Incheon. The total construction cost amounts to 349.491 billion KRW. A total of 10 companies, including Hyundai Construction, Hoban Construction, and Haedong Construction, will collaborate on this project. The construction period is from May 7, 2021, to April 15, 2025.
Based in the Incheon area, Daewoo Industrial Development is accumulating numerous port construction achievements, including the Geomundo Port maintenance project and the Gwangyang Port Phase 2 Petrochemical Wharf project, in addition to Incheon New Port. Furthermore, in November last year, it consecutively commenced the Cheonho Bridge South IC Improvement Project and in December, the Dobongsan-Ogjeong Metropolitan Railroad Section 3 construction project, solidifying its presence across the civil engineering sector.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- Assaulted by Elementary Student During Class... No Protection Due to 'Instructor' Status
- Despite Captivating the Nation for Over a Month... "Timmy" the Whale Ultimately Found Dead
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
Daewoo Industrial Development recorded sales of 401.5 billion KRW and an operating profit of 22.5 billion KRW in 2020. Compared to 2019, sales increased by 31.3%, and operating profit rose by 218.8%. A representative from Daewoo Industrial Development stated, "The licensing for aggressively pursued order projects over the past few years has been completed, leading to the commencement and sales phases," adding, "We will continue this upward trend and secure new orders in various fields."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
