Korea Airports Corporation to Help Build Civil Airport at Daegu-Gyeongbuk New Airport

Additional project operator designated; land parcel schedule added

Korea Airports Corporation has been designated as the project operator for the civil airport component of the Daegu-Gyeongbuk Integrated New Airport.

The Ministry of Land, Infrastructure and Transport said it announced a revision to the basic plan for the civil airport component of the Daegu-Gyeongbuk Integrated New Airport on October 30. Korea Airports Corporation was added as a project operator for the airport's landside area, which includes passenger and cargo terminals, parking facilities, and other areas used to handle and transport passengers and cargo.

Under the Sixth Comprehensive Airport Development Plan, the basic principle is for the state to invest in the unprofitable airside area, which includes runways, taxiways and aprons for aircraft movement and parking, while the airport operator shares the project costs for the landside area, where costs can be recovered.

Artist's Rendering of the Daegu-Gyeongbuk Integrated New Airport

Accordingly, Korea Airports Corporation finalized its participation in the project to build the landside area after completing procedures including a financial feasibility review and a board resolution. Of the total 2.6996 trillion won cost of the civil airport construction project at the Daegu-Gyeongbuk New Airport, the Ministry of Land, Infrastructure and Transport will cover 1.2234 trillion won and Korea Airports Corporation will cover 1.4762 trillion won.

Following consultations with the Central Land Tribunal on deemed project approval, a schedule of the land parcels to be included in the project area was added. Under the Special Act on the Daegu-Gyeongbuk New Airport, project approval is deemed to have been granted when a basic plan that includes a schedule of the land and other property to be incorporated into the project is established and announced. This provides a legal basis for expediting the new airport construction project.

Jeong Chaegyo, head of the Aviation Policy Office at the Ministry of Land, Infrastructure and Transport, said, "This revision to the basic plan completes key administrative procedures needed to begin compensation and design work for the civil airport construction project at the Daegu-Gyeongbuk Integrated New Airport. The necessary budget for next year has also been included in the government's budget proposal, and the civil airport project is proceeding as planned. As the project involves the integrated relocation of the civil and military airports, compensation and design procedures will begin in due course in line with progress on relocating the Daegu military airport."

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