Gadukdo New Airport: Pan-Government Consultative Body Holds First Meeting to Address Soaring Construction Costs

Ministry of Land, Busan City, and Corporation Join Forces
Discussing How to Reflect Increased Construction Costs in Contract Amounts

The pan-government consultative body for the Gadukdo New Airport project will hold its first meeting on the 18th, officially picking up the pace. The inaugural meeting will address issues related to increased construction costs due to the aftermath of the Middle East conflict.

The Ministry of Land, Infrastructure and Transport announced that it will hold the body's first meeting with Busan Metropolitan City and the Gadukdo New Airport Construction Corporation at the Busan Station conference room on this day. The discussion will focus on ways to cooperate among institutions for the progress of the project.

Aerial rendering of Gadeokdo New Airport. The Asia Business Daily DB

The consultative body consists of three organizations: the director-general for aviation policy at the Ministry of Land, Infrastructure and Transport, the deputy mayor for future innovation of Busan Metropolitan City, and the vice president of the Construction Corporation. The body was launched to facilitate regular communication after the Daewoo Engineering & Construction consortium, responsible for the site preparation, submitted the basic design documents on September 7, moving the project into the pre-construction phase.

The three entities plan to discuss ways to reflect the increase in construction costs after the Middle East conflict in the contract amount, and will also consider the opinions and field challenges of local construction companies involved in the consortium.

They will also discuss the direction for commencing the initial construction within the year, as well as preparations for a groundbreaking ceremony. The ceremony is intended to embody the region's vision for development, and discussions with related organizations will be held regarding its preparation.

The Construction Corporation will share the current status of the site preparation and plans to proceed with follow-up steps such as design review and contracts to begin the initial construction phase within this year. The meeting will also discuss comprehensive regional development plans connecting the new airport and its surrounding areas.

Moving forward, the three organizations plan to hold quarterly regular meetings of the consultative body. Jung Chae-kyo, Director-General for Aviation Policy at the Ministry of Land, Infrastructure and Transport, is expected to say, "Gadukdo New Airport is a national project that has long been a wish in the southern region to create a 24-hour gateway airport," adding, "With the launch of the consultative body, we will resolutely pursue both the groundbreaking within this year and the timely opening of the airport without any setbacks."

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