The Port of Busan is located at the mouth of the Naktong River in South Korea. It is the fifth busiest container port
The Port of Busan is located at the mouth of the Naktong River in South Korea. It is the fifth busiest container port in the world and the largest transshipment port in northeast Asia. The port was the tenth busiest port in terms of total tonnage and the sixth busiest in terms of 20-foot TEUs of containerized cargo in 2007, as reported by the American Association of Port Authorities.
Apart from Jeju City, the Port of Busan was the only city that was not occupied by North Korea during the Korean War (1950-1953). The Port of Busan became a self-governing city after the end of the Korean War. The city has become home to major industries including shipbuilding, automobiles, steel, electronics, chemicals, ceramics, and paper.
The Port of Busan is developed, managed, and operated by the Busan Port Authority (BPA) which was established in January 2004. The BPA has made it its aim to transform the Port of Busan into a world-class port.
Busan New Port construction
In 1997, the Ministry of Marine and Fisheries (MOMAF) decided to construct a new port 20km west of Busan to alleviate cargo congestion. It was decided to develop a new port, namely Busan New Port, in two phases. Phase one was carried out by a consortium of 11 Korean contractors led by Samsung.
“The Port of Busan is developed, managed and operated by the Busan Port Authority (BPA) which was established in January 2004.”
A project for constructing 1.49km of a breakwater and 600m of the berth was started in October 1997. The project was completed in December 2002 at an investment of KRW123.3bn. Dredging soil ground revetment construction, divided into two construction areas i.e. construction areas one and two, was started in September 1999 and May 2000 respectively. Construction area one, involving 8,916m of revetment, 23m of a breakwater, and 930m of a bridge, was completed in November 2004 at an investment of KRW251.3bn. Construction area two, involving 7,401m of revetment was completed in 2004 at an investment of KRW245.8bn.
Construction of the connecting pier, multi-purpose wharf, and entrance passage was started in December 2002.
The connecting pier and multi-purpose wharf project were finished in 2006 at a cost of KRW80bn.
It involved the construction of 300m of the connecting pier and 400m of the multi-purposed pier. For the entrance passage project, 3.76km of entrance passage and 0.46km of adjacent road were constructed. The project was completed in October 2005 at a cost of KRW109.2bn.
History of Busan Port
- Opening of Busan Port
- Start of pier construction
- ~ 1945
- Completion of Pier 1~4 and a central pier
- Pier 1, 2 development
Completion of 4 container piers including Jaseongdae and the international ferry terminal
- Phase 3 development of Busan port
Completion of Sinseondae container terminal
- Phase 4 development of Busan port
Completion of Gamman container terminal
- Construction of Busan New Port
Size: Berthing facilities of 45 berths, Land formation of 9,442,637㎡ for ports and district park site
Budget: KRW 13 trillion and 388.1 billion (government: KRW 6 trillion and 472.8 billion,
private investment: KRW 6 trillion and 915.3 billion)
- North Port Redevelopment
Size: 1,532,419㎡ of the old pier in Busan Port (North Port) to make it an international marine tourism hub
Budget: KRW 8 trillion and 519 billion (including projects by the government, BPA, private investors)
·Infrastructure: KRW 2 trillion and 38.8 billion (by government and BPA)
·Superstructure: KRW 6 trillion and 480.2 billion (by private investors)
- Construction of a new international passenger terminal in Busan Port