Expansion of Local Company Participation in Songdo Waterfront Construction... Incheon Economic Free Zone Authority Signs Agreement with Construction Firms

Opportunities for local companies to participate in the construction of Songdo Waterfront Phase 1-2 will be expanded to revitalize the construction industry in Incheon.

On the 25th, the Incheon Free Economic Zone Authority signed a win-win agreement on this matter, attended by Director Yoon Won-seok, Lee Dong-hee, Head of Civil Engineering at DLE&C, the contractor for Waterfront Phase 1-2, and Ji Moon-cheol, President of the Incheon Chapter of the Korea Specialty Contractors Association.

The agreement includes provisions for subcontracting participation by construction companies based in Incheon, the use of local materials and equipment, and the creation of jobs for local workers.

Director Yoon stated, "We hope that this agreement will increase opportunities for Incheon construction companies to participate in the Waterfront project and revitalize the local construction industry."

Yoon Won-seok, Head of Incheon Free Economic Zone Authority (center), Lee Dong-hee, Head of Civil Engineering Division at DLE&C (left), and Ji Moon-cheol, President of the Incheon Chapter of the Korea Specialty Contractors Association, are posing for a commemorative photo after signing an agreement to expand opportunities for local companies to participate in the construction of the Songdo Waterfront Phase 1-2 project.
[Photo by Incheon Free Economic Zone Authority]

The Songdo Waterfront project, aimed at improving water quality, ensuring flood safety, and creating waterfront spaces, is a four-phase project connecting Songdo's retention ponds and waterways in a 'ㅁ' shape over a total length of 21.17 km and width of 40 to 500 meters, with a budget of 621.5 billion KRW to be completed by 2027. The project includes the installation of bridges, marina facilities, and more.

Phase 1-2, which began construction last month, involves an investment of 225.2 billion KRW to build a 1.03 km northern connecting waterway linking Section 6 Lake and Aam Lake, along with pedestrian and vehicular bridges, sluice gates, waterfront roads, and recreational spaces by 2027.

Phase 1-1 was completed in June 2022, and Phase 1-3 is currently in detailed design, with contractor selection and construction expected next year. Phase 2 will begin construction next year after completing the basic design through a technical proposal competition to incorporate innovative waterfront content.

Once fully developed, the Waterfront will allow 2.4 million tons of seawater to flow daily through the waterways, circulating to maintain water quality equivalent to Grade 2-3 of the Incheon coastal waters. Additionally, it will secure a freshwater capacity of about 10 million tons to withstand 100-year frequency rainfall events, enhancing disaster prevention capabilities.

Perspective view of Songdo Waterfront Phases 1-2 [Provided by Incheon Free Economic Zone Authority]

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