Sambu Construction Wins 62.2 Billion KRW Contract for 'Gamcheon Port General Wharf Expansion Project'

[Asia Economy Reporter Jang Hyowon] Sambutogeon announced that it has succeeded in winning a public construction contract worth 62.2 billion KRW.

The 'Gamcheon Port General Wharf (near 3rd and 4th wharf area) Expansion Project' won by Sambutogeon is a 62.2 billion KRW project ordered by Busan Port Authority, involving the expansion of the existing wharf in the entire front sea area of Gamcheon Port 3rd and 4th wharfs in Seo-gu, Busan Metropolitan City.

Sambutogeon's stake is 90%, with a construction amount of approximately 56 billion KRW, which corresponds to 14.9% of the 2020 sales revenue of 376.3 billion KRW. The construction period is 40 months from the start date.

This project is being implemented to secure alternative facilities for general cargo handling at North Port 1st and 2nd wharfs, which were closed due to the North Port Redevelopment Project.

Upon completion, three berths capable of accommodating 20,000-ton vessels and a back area of 28,600 m2 will be created, enabling Busan Port to additionally secure facilities with an annual general cargo handling capacity of 870,000 RT (Revenues Ton: the tonnage basis for port rate collection).

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