Taeyoung Construction to Undertake 282.2 Billion KRW Chuncheon Sewage Treatment Plant Modernization Project

Taeyoung Construction is promoting the 'Chuncheon Public Sewage Treatment Facility Relocation and Modernization Private Investment Project (BTO-a)' with the goal of starting construction in 2025.

Aerial view of Chuncheon wastewater treatment facility / Image courtesy of Taeyoung Construction

Taeyoung Construction announced that the designation of the project implementer and the implementation agreement for this project passed the final review by the Ministry of Economy and Finance's private investment committee on the 8th. This project involves relocating and rebuilding the 30-year-old outdated sewage treatment plant in Geunhwa-dong, Chuncheon-si, Gangwon Province, to Chiljeon-dong, with a total project cost of 282.2 billion KRW. Along with the relocation, the daily treatment capacity will increase from 150,000 tons to 157,000 tons through expansion.

Taeyoung Construction plans to introduce advanced construction methods to underground and modernize the sewage treatment facility to fundamentally block odor generation, and install convenience facilities such as parks for residents on the ground. The construction period is 48 months, aiming for completion in 2028.

Chuncheon City, which has been promoting the relocation of the sewage treatment plant, selected 'Chuncheon Biotech' (tentative name), led by Taeyoung Construction, as the preferred negotiator through a third-party proposal announcement in March 2022. Since then, both parties negotiated for about a year and a half on construction costs, operating expenses, project profitability, and the implementation agreement. The appropriateness review of the negotiation results was completed last year by the Public Investment Management Center of the Korea Development Institute, and this time it passed the Ministry of Economy and Finance's review.

Taeyoung Construction and Chuncheon City are expected to sign the implementation agreement soon. A Taeyoung Construction official said, "Based on accumulated know-how in the water treatment field and differentiated technological capabilities, we will do our best to make this private investment project a successful case of modernizing aging sewage treatment plants," adding, "We will strive to transform the sewage treatment plant from a facility avoided by residents into a resident-friendly space, contributing to the residential environment stabilization for Chuncheon citizens."

He continued, "Despite unfavorable conditions such as a workout, we have been recognized for our momentum in promoting private investment projects in the environmental social overhead capital (SOC) sector," adding, "We will reorganize our competitiveness in winning public construction orders and start full-scale bidding activities, as well as realize early management normalization."

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