BPA Selected as Preferred Negotiator for Phase 1 Port Hinterland Complex of Busan New Port 'West Container'
Maximum 8:1 High Competition Rate, One Company Selected Per District for a Total of 2 Locations
Busan Port Authority (BPA, President Kang Jun-seok) has selected the preferred negotiation candidates for the first phase of the port hinterland complex at Busan New Port West Container Terminal.
On the 20th, BPA announced that following the evaluation results for tenant companies in two zones of the first phase of the Busan New Port West 'Con' port hinterland complex?125,720.3㎡ (Zone A) and 74,568.2㎡ (Zone B)?LX Pantos Busan New Port Logistics Center and DP World Busan Logistics Center were selected as the preferred negotiation candidates, respectively.
This West 'Con' hinterland complex is the first port hinterland complex to be supplied in about four years since the 4th phase of the Ungdong 1st stage site in 2019, and the bidding process attracted high interest from the industry. As of the submission of business plans on the 11th, a high competition rate of 4:1 for Zone A and 8:1 for Zone B was recorded.
In accordance with government guidelines and related regulations, the authority conducted a comprehensive evaluation over two days, on the 18th and 19th, through an evaluation committee composed of external experts. The evaluation covered business capability, foreign cargo and value-added logistics performance and plans, employment performance and plans, safety accident prevention and response plans, and construction plans. The companies with the highest scores were selected as the preferred negotiation candidates.
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Hong Sung-joon, Head of Operations at BPA, stated, “In consultation with related agencies, we plan to proceed smoothly with the selection of tenant companies for the South 'Con' hinterland complex after its completion in June next year.” He added, “We will do our best to provide various administrative supports so that the selected companies can create new cargo volumes and jobs at Busan Port.”
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