Korea Airports Corporation Discusses New Airport Construction with Dominican Republic Vice President

Korea Airports Corporation announced on the 5th that it discussed cooperation plans for the construction of the new airport with Raquel Pe?a, Vice President of the Dominican Republic, who visited the corporation directly.

This visit followed the preliminary agreement signed on the 21st of last month between the corporation and the Office of the President of the Dominican Republic to promote the 'Pedernales New Airport Construction Project.' The government delegation included Vice President Raquel Pe?a, V?ctor Bison? Assad, Minister of Industry, Trade and SMEs, and Pavel Isa Contreras, Minister of Economic Planning and Development.

The Dominican Republic is promoting the 'Pedernales Tourism Complex Development Project,' a national project worth approximately 3 trillion KRW. Among these, they officially requested the corporation's active cooperation for the success of the Pedernales New Airport project.

Yoon Hyung-jung, President of Korea Airports Corporation (right), and Raquel Pe?a, Vice President of the Dominican Republic, are posing for a commemorative photo. Photo by Korea Airports Corporation

President Yoon Hyung-jung introduced the corporation’s overseas airport development and consulting capabilities, such as the PMO for the Chinchero New Airport construction in Peru and operational consulting for Pereira Airport in Colombia. He explained the status of the corporation’s Urban Air Mobility (UAM) business, emerging as the next-generation aviation mobility solution, and proposed ways to utilize it in the Dominican Republic.

The corporation was selected in March as the feasibility study agency for the Pedernales New Airport Construction Project and plans to actively participate in the upcoming new airport project by performing tasks such as technical and financial-economic analyses.

Previously, since signing an MOU with the Dominican Republic Airport Authority in September last year, the corporation has been conducting continuous consultations related to the new airport project with the Office of the President of the Dominican Republic, the Public-Private Partnership Authority, and the Ministry of Foreign Affairs.

Yoon Hyung-jung, President of Korea Airports Corporation, said, “The Pedernales New Airport project in the Dominican Republic is a core project for the corporation this year, and we will focus our capabilities to achieve visible results.” He added, “Furthermore, we will strive to contribute to mutually beneficial economic development between the two countries through this project.”

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