Table of Contents
- Large-scale project opening the future of the fishery industry
- HJ Industrial, Gyeryong Construction, and Dongwon Development team up
- Minimizing business disruption through phased construction
- Entering the main track after several unsuccessful bids
- Expected effects and symbolism of the project
- Frequently Asked Questions (FAQ)
Large-scale project opening the future of the fishery industry
On July 16, Busan City announced that it had selected the HJ Industrial Consortium as the prospective bidder in the technical proposal bidding for the implementation design of the "Busan Cooperative Fish Market Modernization Project". This will officially launch a large-scale national project worth 241.2 billion won.
This modernization project is gaining attention as an important infrastructure project aimed at improving the outdated facilities of the Busan Cooperative Fish Market and enhancing the competitiveness of the fishery industry. It is expected to further develop the local economy and the fishery industry.
HJ Industrial, Gyeryong Construction, and Dongwon Development team up
The consortium selected as the winning bidder will consist of HJ Industrial, Gyeryong Construction, and Dongwon Development. They plan to construct a new facility with a total floor area of 61,971㎡.
The overall construction period is scheduled for 47 months, starting in December 2025 and aiming for completion by October 2029. This project is set to be developed into a state-of-the-art seafood distribution complex equipped with auction, distribution, and logistics automation functions.
Minimizing business disruption through phased construction
Busan City announced that it will divide the construction into three phases to reflect the characteristics of the cooperative fish market. This plan is designed to ensure that the existing auction halls can continue to operate during the construction period, preventing disruptions in the distribution of various seafood, including mackerel.
The Busan Cooperative Fish Market is a crucial auction hall that accounts for 80% of mackerel distribution in the country. The project aims to proceed smoothly by maintaining ongoing communication with the actual users of the market, the fish market merchants. This is expected to have a significant impact on the local economy and seafood distribution.
Entering the main track after several unsuccessful bids
This bidding process faced several challenges. The modernization project passed the preliminary feasibility study in 2014 with a B/C ratio of 2.37 and started the design service in 2017. However, delays occurred when the first bid scheduled for October 2024 was unsuccessful.
Busan City extended the construction period by up to 50% from 1,187 days to encourage more interest in the bidding process. Consequently, a re-bid is scheduled for January 2025.
As a result, three consortiums, including Daebo Construction, HanEul E&C, and HJ Industrial, participated in the bidding, and on July 16, the HJ Industrial Consortium was selected as the prospective bidder in the final review by the Public Procurement Service.
Expected effects and symbolism of the project
This project is expected to bring about positive changes in various aspects beyond simple facility improvement. It will enhance the competitiveness of Busan's seafood industry and serve as an important landmark as a tourism and cultural facility. Additionally, it is expected to contribute to the establishment of a hygienic and efficient seafood distribution system.
In particular, it is set to become a key infrastructure of Busan, combining auction halls, logistics facilities, and tourism amenities. Busan City emphasized, "We will do our utmost to ensure that this modernization project inherits the history and identity of the Busan Cooperative Fish Market while evolving into a new seafood complex with advanced technology and efficiency."
#BusanCooperativeFishMarket, #BusanFishMarketModernization, #HJIndustrial, #GyeryongConstruction, #DongwonDevelopment, #BusanConstructionNews, #BusanRedevelopment, #BusanUrbanPlanning, #BusanFisheries, #FishMarketModernization, #Seo-guNambuMin-dong, #BusanSeo-guDevelopment, #SeafoodDistribution, #AuctionHallModernization, #BusanPortFacilities, #BusanTourismInfrastructure, #CooperativeFishMarketRemodeling, #BusanUrbanRegeneration, #PortDevelopment, #NationalProject, #BusanSeafoodDistribution, #BusanCityHallConstructionHeadquarters, #BusanPublicConstruction, #BusanNewConstruction, #BusanConstructionIndustry, #BusanConstructionPlans, #BusanPublicBids, #BusanCityBids, #BusanPublicProcurementOffice, #BusanCooperativeFishMarketBid
Frequently Asked Questions (FAQ)
Q. What is the main purpose of the Busan Cooperative Fish Market modernization project?
It is a project to modernize the Busan Cooperative Fish Market for the improvement of outdated facilities and the enhancement of competitiveness in the fishery industry.
The Busan Cooperative Fish Market modernization project is a national project aimed at enhancing the competitiveness of the fishery industry and contributing to local economic development by improving existing outdated facilities. The goal is to optimize auction, distribution, and logistics functions by introducing advanced equipment and automation systems, and it is expected to serve as an important infrastructure that elevates Busan's seafood industry to the next level.
Q. Who has been selected as the constructor for the modernization project and what is the scale of the project?
The HJ Industrial Consortium has been selected for this large-scale project with a total project cost of 241.2 billion won.
The consortium selected as the winning bidder consists of HJ Industrial, Gyeryong Construction, and Dongwon Development, and will construct a new facility with a total floor area of approximately 61,971㎡. The project cost amounts to approximately 241.2 billion won, and it is scheduled to proceed for 47 months, starting from December 2025 to achieve completion by October 2029.
Q. How is Busan City planning to minimize business disruption due to construction?
The construction has been designed to be divided into three phases to allow the existing auction hall to operate continuously.
Busan City plans to divide the construction into three phases to reflect the characteristics of the Busan Cooperative Fish Market. This will ensure that the existing auction hall continues to operate during the construction period, minimizing disruptions in seafood distribution and reducing business displacement. In particular, ongoing communication with market merchants will be maintained to ensure that the distribution of key products like mackerel is not interrupted.
Q. Why did the modernization project face several unsuccessful bids?
There were few bidders initially, and restrictions on construction periods and conditions caused delays in bidding.
The project began with a feasibility study in 2014, and while design services were initiated, the first bid was unsuccessful in 2024, causing scheduling problems. In response, Busan City relaxed bidding conditions, including extending the construction period by up to 50% to encourage greater participation in the bidding process. As a result, several consortiums participated in the re-bid, and the HJ Industrial Consortium was selected as the prospective bidder in the final evaluation.
Q. What are the expected effects of the Busan Cooperative Fish Market modernization project?
Enhancing fishery competitiveness, establishing hygienic distribution systems, and serving as a cultural landmark are expected outcomes.
This project is expected not only to enhance the competitiveness of the seafood industry but also to establish hygienic and efficient seafood distribution systems as a key infrastructure for the marine city of Busan. Furthermore, it is projected to contribute to the activation of tourism and cultural industries as a complex facility combining auction halls, logistics, and tourism amenities. Busan City plans to develop it into a new seafood hub where history and advanced technology harmoniously coexist.
