Daelim Bags Contract to Build Donghae Port Phase 3 North Seawall (Section 1)

DATE 2016.04.20

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Daelim Bags Contract to Build Donghae Port Phase 3 North Seawall (Section 1)

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Daelim bagged on April 20 the contract to build Donghae Port Phase 3 North Seawall (Section1), a project ordered by the Donghae Regional Office of Oceans and Fisheries. The contract amount is KRW 134.2 billion (VAT exclusive), and Daelim’s stake is 42% (KRW 56.4 billion).

The project involves building 700m of North seawall, 1 Cassion casting bed and shipping area, and 1 secondary work. The site is located off the sea of Donghae district, Songjeong-dong, Donghae City, Gangwon-do. The construction period is 45 months from the kick-off date. Donghae Port is expected to grow into a base harbor centered on logistics in the Pan East Sea region through the project.