Table of Contents
- Logistics Backbone: Busan New Port-Kimhae Expressway Ready for Construction
- Construction Company Composition and Main Work Details by Section
- Gateway to Logistics Innovation: Expectations for Strengthening the Southeastern Economic Axis
- Conclusion: The Core Axis of Major Infrastructure Projects Associated with Gadeokdo New Airport Opening
- Frequently Asked Questions (FAQ)
Logistics Backbone: Busan New Port-Kimhae Expressway Ready for Construction
The 'Busan New Port-Kimhae Expressway' project connecting Songjeong Interchange in Gangseo-gu, Busan, and Dong Kimhae Interchange in Gimhae is set to begin construction by the end of 2025 and aims for completion by 2030.
In May, the results of the construction company selection by the Korea Expressway Corporation indicated that the consortiums of Dongbu Construction, GS Construction, and Gyeongryong Construction Industry were selected as preferred negotiation target companies for sections 1-3, signaling positive progress in the project.
This project is a large-scale road construction initiative with a total project cost of 928.5 billion won, marking the largest scale in the country this year. Additionally, it is recognized as a significant social overhead capital (SOC) project that secures connectivity with Gadeokdo New Airport, which is scheduled to open in 2029.
Recommended Reading on the Busan New Port-Kimhae Expressway
Construction Company Composition and Main Work Details by Section
The Korea Expressway Corporation announced that this construction project was designated as an exemption from the preliminary feasibility study in 2019. Consequently, the 'Regional Mandatory Joint Bidding System' is applied, requiring companies from Busan and Gyeongnam regions to hold at least 20% of the shares in each consortium.
In section 1 (6.9 km), the Dongbu Construction consortium is responsible for the construction, which involves the construction of a large tunnel connecting Songjeong-dong in Gangseo-gu, Busan, and Suga-dong in Gimhae.
In section 2 (2.9 km), the GS Construction consortium will participate and is expected to construct bridges and connecting roads from Suga-dong in Gimhae to Jukdong-dong in Gangseo-gu.
Section 3 (3.0 km) is managed by the Gyeongryong Construction Industry consortium and includes a connection section with several bridges from Jukdong-dong in Gangseo-gu to Hwalcheon-dong in Gimhae.
The project has a total planned construction period of 2,100 days and, if construction starts by the end of this year, it is expected to open in early 2030. Improvements in the regional transportation network will occur according to the progress of each section.
Gateway to Logistics Innovation: Expectations for Strengthening the Southeastern Economic Axis
Busan New Port plays a crucial role in Korea's import and export logistics and is preparing to grow into a 'Northeast Asian Logistics Hub' along with Gadeokdo New Airport, which is set to open in the future. The ongoing highway construction is gaining attention as key infrastructure that will significantly improve logistics efficiency between the New Port and inland.
Particularly, if accessibility from inland industrial complexes in Gimhae and Changwon to the New Port improves, it is expected to have various positive impacts on business operations, including cost savings in logistics, reduced transportation time, and improved responsiveness. Furthermore, enhancing connectivity between Busan and Gimhae will contribute significantly to mutual growth among regions.
Conclusion: The Core Axis of Major Infrastructure Projects Associated with Gadeokdo New Airport Opening
The expressway connecting Busan New Port and Gimhae signifies more than just a logistics road. It is poised to become important infrastructure forming the metropolitan transportation system in the Southeastern region.
This will lay the foundation for establishing an integrated logistics and transportation ecosystem in conjunction with Gadeokdo New Airport, Busan Ulsan Metropolitan Railway, and Busan Eco Delta City.
This project is being promoted through collaboration between local governments, the central government, and regional construction companies; if construction commences as scheduled by the end of 2025 and is completed by 2030, it is expected to accelerate the development of a 'Smart Logistics Hub' connecting Busan, Gyeongnam, and the entire Southeastern region.
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Frequently Asked Questions (FAQ)
Q. When is the commencement date and completion target for the Busan New Port-Kimhae Expressway?
The Busan New Port-Kimhae Expressway is scheduled to begin construction at the end of 2025 and aims for completion by 2030.
This expressway project connecting Songjeong Interchange in Gangseo-gu, Busan, and Dong Kimhae Interchange in Gimhae is expected to start construction at the end of 2025, with a total construction period of 2,100 days, aiming to open in early 2030. This schedule reflects the smooth progress of selecting construction companies and preparations for each section's construction.
Q. Which construction companies have been selected for the Busan New Port-Kimhae Expressway?
The consortiums of Dongbu Construction, GS Construction, and Gyeongryong Construction Industry have been selected for the 3 construction sections.
According to the results of the construction company selection by the Korea Expressway Corporation in May, the Dongbu Construction consortium was selected for section 1, the GS Construction consortium for section 2, and the Gyeongryong Construction Industry consortium for section 3 as preferred negotiation targets. These construction companies will manage major construction tasks for each section connecting Busan and Gimhae.
Q. What are the main construction details for each section of the Busan New Port-Kimhae Expressway?
Section 1 involves a large tunnel, Section 2 involves bridges and connecting roads, and Section 3 involves bridge connections.
Section 1 (6.9 km) focuses on the construction of a large tunnel connecting Songjeong-dong in Gangseo-gu, Busan, and Suga-dong in Gimhae, while section 2 (2.9 km) involves constructing bridges and connecting roads between Suga-dong in Gimhae and Jukdong-dong in Gangseo-gu. Section 3 (3.0 km) includes a connection section with several bridges between Jukdong-dong and Hwalcheon-dong. Each section is led by a specialized consortium, ensuring systematic completion.
Q. What are the expected effects of this highway on the southeastern economy and logistics?
It will enhance logistics efficiency and accessibility, facilitating economic development and regional mutual growth in the southeastern region.
Logistics accessibility between Busan New Port and inland industrial complexes in Gimhae and Changwon will significantly improve, resulting in reduced transportation times and cost savings. It establishes a foundation for the growth of a Northeast Asian logistics hub by linking the New Port and Gadeokdo New Airport, as well as strengthening the connection between daily life and industry, contributing greatly to the balanced development of the southeastern region.
Q. How will the Busan New Port-Kimhae Expressway connect with other infrastructures?
It will play a key role in the metropolitan transportation network linked with Gadeokdo New Airport and the Busan-Ulsan Metropolitan Railway.
The construction of this expressway will be organically connected to key infrastructures such as the opening of Gadeokdo New Airport, the Busan-Ulsan Metropolitan Railway, and Busan Eco Delta City, supporting the establishment of a comprehensive logistics and transportation ecosystem in the southeastern region. It is being promoted through collaboration between local and central governments and regional construction companies, and if completed as planned, it is expected to accelerate the establishment of a smart logistics hub.
