MOLIT – Jeju International Airport Expansion – South Korea - Project Profile
"MOLIT – Jeju International Airport Expansion – South Korea - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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The Ministry of Land, Infrastructure, and Transport (MOLIT) is planning to expand an airport in Jeju, South Korea.
The project involves the construction of additional infrastructural facilities to the airport to increase the passenger handling capacity by reducing congestion. It includes the construction of a new runway, a new terminal and related infrastructure, and the installation of ticketing counters, safety and security systems.
On December 5, 2014, MOLIT launched the Jeju Airport Infrastructure Expansion Feasibility Study, in order to ensure airport infrastructure to meet future demand and potentially identify optimal locations for a new airport.
The study activity is being carried out by a consortium from the Korea Aerospace University with an investment value of US$8 million.
The MOLIT conducting studies on whether to expand the existing airport or closing existing airport and constructing a completely new airport with two runways or constructing a second airport at a separate location.
In September 2016, South Korea government committed US$4.2 million of the 2017 state budget to develop New Jeju Airport master plan.
Construction activities are expected to commence in 2019 and scheduled to complete by 2025.
Study activities are underway and MOLIT is seeking Chinese investors for the project development.
Planning Authority: Ministry of Land, Infrastructure, and Transport
Associate Developer: Korea Airports Corporation
Study Contract: Korea Aerospace UniversityScope
The project involves the construction of additional infrastructural facilities to the airport to increase the passenger handling capacity by reducing congestion in Jeju, South Korea.
The US$3,600 million project includes the following:
1. Construction of a new runway
2. Construction of a new terminal
3. Installation of safety and security systems
4. Installation of ticketing counters
5. Construction of related infrastructure
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