SK Ecoplant Wins Busan 'Choryang 1 District Street Housing Maintenance Project' Contract

Total Cumulative Urban Maintenance Orders Amount to 1.1442 Trillion KRW This Year

Bird's-eye view.

[Asia Economy Reporter Kim Min-young] SK Ecoplant announced on the 28th that it won the contract for the Busan Choryang 1 District Street Housing Maintenance Project through the contractor selection general meeting held on the 27th.

The Choryang 1 District Street Housing Maintenance Project is a development project to construct apartments and auxiliary welfare facilities consisting of 5 buildings with a total of 416 households, ranging from 5 basement floors to a maximum of 29 floors above ground, in the Choryang-dong area of Dong-gu, Busan. The total contract amount is approximately 162.3 billion KRW.

The project site is located in the station area of Choryang Station on Busan Line 1, which is evaluated to have an excellent transportation network. Busan Station, accessible by KTX and other trains, is also nearby, and it is easy to move throughout Busan using Jungang-daero, Busan Tunnel, and Sujeong Tunnel. The area around Choryang Station, where the complex will be built, is undergoing multiple maintenance projects and is especially significant as a hinterland of the North Port Redevelopment Project, which is being developed as a downtown complex district, thus having high future value.

Through this contract win, SK Ecoplant has surpassed a cumulative contract amount of 1 trillion KRW in urban maintenance projects this year. This is the first time in six years since 2016, with the total cumulative contract amount for urban maintenance projects this year reaching 1.1442 trillion KRW.

This complex is meaningful as it is the first Busan project SK Ecoplant has won since officially entering the street housing maintenance business. Since the end of last year, SK Ecoplant has been continuously winning contracts in various urban maintenance project fields, including remodeling, small-scale reconstruction, and street housing maintenance projects, in addition to existing reconstruction and redevelopment maintenance projects. In May, it won a remodeling project in Incheon, and in August, it secured a small-scale reconstruction project along the Han River in Seoul.

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