Business · Companies · 7 hrs ago
Daewoo Consortium Starts Detailed Design for Gadeokdo Airport
A Daewoo-led consortium has started detailed design for the site preparation work at Gadeokdo New Airport in South Korea.
The design stage turns the basic plan into detailed documents needed to carry out construction.
The design is scheduled to take 180 days, and the government and consortium are aiming to open the airport in 2035.
Construction costs have risen sharply, which the transport ministry says is beyond what the contractor can reasonably bear.
The government plans measures to cover cost increases and support the consortium's design expenses, including by pursuing a change to the law.
The exact amount and method of cost adjustments remain undecided and depend on government talks and the bill's progress through parliament.
Starting the design before those steps are settled allows the project schedule to move ahead, while the government works on the cost arrangements.
The Daewoo E&C consortium has begun detailed design for the Gadeokdo New Airport site preparation work.
The design phase began on Nov. 9 and is scheduled to last 180 days.
The South Korean government is pursuing measures to reflect rising construction costs and support design expenses.
The government and consortium are targeting an airport opening in 2035.
The amount and method for adjusting construction costs have not been decided.
- Who
- The Daewoo E&C consortium, with support measures being pursued by South Korea’s Ministry of Land, Infrastructure and Transport.
- What
- Detailed design has begun for the Gadeokdo New Airport site preparation work.
- When
- The design phase began on Nov. 9 and will last 180 days.
- Where
- Gadeokdo New Airport, South Korea.
- Why
- The work advances the project toward its planned 2035 opening while discussions continue on rising construction costs.
This story does not have two clearly opposing sides.
The Ministry of Land, Infrastructure and Transport formally asked Daewoo E&C to begin detailed design.
The consortium began the 180-day detailed design phase.
Daewoo E&C announced that detailed design had begun.
- Design duration
- 180 days
- Target opening
- 2035
- Cost adjustment
- Amount and method remain undecided
- Project
- Gadeokdo New Airport site preparation work
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What people are saying
Given the government's active commitment to support and the contractor's expertise, we expect construction to begin on schedule after 180 days of detailed design.