New Int'l Passenger Terminal
The Incheon Port Authority (IPA) announced on March 21 that a new international passenger terminal development in Songdo and Golden Harbor development plan have been confirmed as the Approval of International Passenger Terminal Execution Plan for Songdo International City in Incheon Free Economic Zone was made by the Incheon Free Economic Zone Authority (IFEZA).
According to the IPA, the execution plan approval is included in the district units plan. As the city planning, which is a core part that attracts the investment in the Golden Harbor, it can maximize the added value of the site and attract attention from many potential investors at home and abroad.
The IPA will start construction on the upper infrastructure in April and on a new international passenger terminal in October according to the announcement. Also, it will push harder to attract the investment in the Golden Harbor.
In addition, the IPA said it will make the Golden Harbor site a marine tourism complex for both citizens and tourists and a landmark in Incheon by building various facilities, including hotels, Urban Entertainment Center (UEC), a water park, condominiums, resortels and a marina, as well as a complex shopping mall and a complex resort, creating its new growth engine in the Incheon Port.
Kim Sung-jin, a head of the new growth business division at the IPA, said, “We will make the Incheon Port the leading marine tourism port in Northeast Asia by successfully carrying out the Golden Harbor development project by 2019.