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Busan Port, the world's 5th busiest container and 3rd busiest transshipment port, is undergoing a transformative redevelopment. With a total budget of $10 billion, the master plan aims to enhance its operational capacity and create a vibrant urban space through the redevelopment of its old port area. This initiative includes commercial zones, public spaces, and entertainment areas, set to generate around 121,000 jobs and an economic impact of approximately $31.7 billion. The project emphasizes eco-friendly development, ensuring community involvement throughout the process.
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Contents Ⅰ. Current Status of Busan Port Ⅱ. Redevelopment Master Plan Ⅲ. Conclusions
The Port of Busan ▶The World’s 5th Busiest Container Port ▶The World’s 3rd Busiest Transshipment Port North Port South Port New Port Gamcheon Port Dadaepo Port
Reason for New Port Development Volume Projection of Busan Port Volume 25 M 21 M 20 M 22.9 M 18.8 M 12.0 M 16.1 M Volume 12 M Capacity 6.4 M 6 M New Port Opening 4.1 M Year 2020 1999 1995 2006 2011 2015 (UNIT : TEU) ※ Source : Global Logistics Research Institute, 2005
Current Future Current Port New Port Near Residential Area City Area Away from City CAPA 6 M TEU vs ACT 12 M TEU CAPA 6 M TEU Svc Upgrade CAPA 15 M TEU Congestion in OPN Redevelopment of Old Port Area Distripark for Value-Added Svc Waterfront Occupied by Commercial Activity Versatile Port Port Development
Redevelopement Master Plan
Outline of Redevelopment Project Busan City Hall Busan Jin Station Custom’s Office BPA Busan Station Busan Tower Pier5 Pier4 Pier3 Central Pier Pier2 Pier 1 International Passenger Terminal ◈Size : 1,424,000 ㎡ ◈Total Budget : US$10 billion ◈The project, implemented in 2008 by phase Ferry Terminal The 2nd Lotte World
Zone Division Size 1,424,000 (100%) ㅡ SCOPE Commercial Space Public Space ㅡ ㅡ = + 553,000 (39%) 871,000 (61%)
Terminal Zone ▶Size : 114,000㎡ ▶ Transportation Center of Europe and Asia 국제여객터미널(정면) 국제여객터미널(배면) Terminal Zone Terminal Zone
World Business Zone ▶ Size : 110,000 ㎡ ▶ World-Plaza, International Convention Center, Trade Center Government Office, Duty Free Shop 업무시설예시 LANDMARK 쇼핑몰 World Business Zone
Exhibition Hall IT Exhibitiom Live Entertainment Zone Live Entertainment Zone Live Entertainment Zone ▶Size : 123,000㎡ ▶IT Shopping Mall, Exhibition Hall, Business Information Center, Sports and Game Center
Waterway Water front Multi Use Zone Multi Use Zone Multi-Use Zone ▶ Size :163,000 ㎡ ▶ Timeshare, Senior Town, Traditional Restaurant, International School Ocean Dwelling
Ocean Culture Zone ▶ Size : 157,000 ㎡ ▶ Art Stadium, Ocean Theme Park, Asia Folk Village, Ocean Dom Marine Theme Park) Ocean World Ocean Culture Zone
Development of Surrounding Area ▶ North Port District, South Port District, Youngdo District North Port District North Port Redevelopment Busan Station North Port District North Port Bridge Youngdo District South Port District Jagalchi Market Youngdo District Marineland South Port District Waterfront Area Marine-techno Police
▶ Economic Effect Securing Land : US$3.7 billion UD$31.7 billion Construction : US$ 28 billion Economic Effects of the Redevelopment Project ▶ Job Creation 121,000 By Phase Job Creation Total 121,000 Securing Land 10,000 Construction 73,000 Employment 38,000 Employment in Tourism and Other Relevant Industries
Conclusions • Versatile Busan Port • Eco-friendly Urban Development • Full participation of Citizens
Busan North Port Redevelopment Thank you www.busanpa.com