South Korea’s Incheon Port Authority (IPA) is developing an international ocean tourism complex called the Golden Harbor, with a vision to attract 3 million annual tourists by 2018.
The Golden Harbor development will comprise a new international passenger wharf, terminal, and harbour hinterland complex at Incheon port.
The budget allocated to the project will be funded by the South Korean government, the IPA, and private investment.
In a press statement, the IPA said, “We made a presentation on 17 April for 20 officials from related organisations such as the Ministry of Oceans and Fisheries, Ministry of Trade, Industry and Energy, Incheon Metropolitan City, Incheon Free Economic Zone, and Incheon Regional Oceans and Fisheries Administration.”
The project was first mooted in 2011. The master plan and a final development concept were subsequently decided.
That was followed by the designation of the port hinterland in October 2014 and a change in the development plan of Songdo International Business District in the Incheon Free Economic Zone in March 2015.
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The IPA said, “Due to duplication of regulations, establishing and changing development plans took a long time. Given this, support and assistance from related organisations are essential to promote the project smoothly.”
Considering an urgent need for the project to establish transport networks, the IPA sought keen interest and co-operation from the organisations during the presentation.
The IPA plans to begin construction of the international passenger terminal and infrastructure at the end of this year.
The development will be on a 1,322,000-square-metre of land.
A shopping mall, multi-resort complex, hotel, urban entertainment centre, water park, condominium, and marina will be built at the Golden Harbor.
The first phase of Golden Harbor is expected to open in 2018, when the construction of the new passenger terminal is complete.