Project overview (2020 ~ 2030)
- Location: Around Jung/Dong-gu (Jaseongdae Wharf, Busan Station, Busanjin Station CY, Jwacheon
Beomil-dong)
- Size: A=2,280,000㎡ [land – 1,570,000㎡ (port – 82, railway – 34, hinterland – 37, original downtown –
4), waters – 710,000㎡]
- Developer: Busan City Consortium (Busan City, Busan Port Authority, Korea Land & Housing Corporation,
Busan Metropolitan Corporation, and KORAIL)
- Project cost: KRW 4.0636 trillion (government expenditure: KRW 304.3 billion, private capital: KRW
3.7593 trillion)
Background
- Role allocation and function supplementation through differentiation from Buk Port Phase 1
Re-development Project
- Re-invigoration of stagnant downtown area around Busan Station and Busanjin Station, as well as
Jaseongdae Wharf and aging hinterlands
- New Northern Policy and Eurasia Gate role through construction of complex logistics network
Purpose
- Develop international interchange hub equipped with global competitiveness
- Shape a compact, complex city center for fostering the new marine industry
- Promote connection and win-win development with the original downtown area
- Shape cultural hub for living together, housing area, and sustainable eco-friendly eco-city
Bird’s-eye view of Phase 2 project
