Public Hearing on Incheon Inner Port 1·8 Wharf Redevelopment to Be Held on June 12... Project to Be Completed by 2028
On June 12, Incheon City announced that it will hold a public hearing regarding the 'Incheon Inner Port 1·8 Wharf Redevelopment Project' at 2:00 p.m. at the Incheon Inner Port Sangsang Platform (Incheon Tourism Organization auditorium).
The public hearing, organized by the Ministry of Oceans and Fisheries, will provide an explanation of the main plans for the redevelopment project to citizens and experts, and will gather a range of opinions through discussions and a Q&A session.
Location map of Incheon Inner Port 1 and 8 Wharf Redevelopment Project. Incheon City
View original imageThe Incheon Inner Port 1·8 Wharf Redevelopment Project is a large-scale urban regeneration initiative in which a consortium consisting of Incheon City, Incheon Urban Development Corporation, and Incheon Port Authority will participate as the project operator. The consortium plans to invest a total of 590.6 billion won by 2028 to redevelop a 429,000-square-meter area in Bukseong-dong and Hang-dong, Jung-gu, Incheon, transforming it into a maritime cultural urban space.
Incheon City signed a basic business agreement with the two institutions in 2023 for joint project implementation, and in December last year, entered into an implementation agreement with the central government. In April this year, the project passed the central investment review by the Ministry of the Interior and Safety.
Opened in 1974, Incheon Inner Port has seen a decline in cargo volume as development of other ports in Incheon, such as the New Port and North Port, has accelerated. In addition, residents living near the Inner Port have been reporting noise and dust damage caused by port logistics facilities for more than 30 years. As a result, there have been ongoing calls for the adjustment of the Inner Port's functions and the redevelopment of the surrounding old downtown area as a unified project.
Hot Picks Today
"Only Two Per Person" Garbage Bag Crisis Was Just Yesterday... Japan Also Faces Shortage Anxiety
- "Samsung Electronics Employee with 100 Million Won Salary Receiving 600 Million Won Bonus... Estimated Tax Revealed"
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- 'Will Demand Finally Decline Due to High Prices?'... "I'll Just Enjoy Nearby Trips" as Japan and China See a Surge
- "Wore It Once, Then This? White Spots All Over 4.15 Million Won Prada Jacket... 'Full Refund Ordered'"
An official from Incheon City stated, "We will actively review the opinions presented at the public hearing to establish a more robust project plan," adding, "We aim to obtain approval for the implementation plan by the end of this year, expediting administrative procedures so that the waterfront space of the Inner Port can be returned to citizens and new vitality can be brought to the old downtown area."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.