The Korea Airports Corporation will participate as the project implementer in the construction of the Daegu-Gyeongbuk Integrated New Airport. Of the total project cost of 2.6996 trillion won, the corporation will cover 1.4762 trillion won, and key administrative procedures necessary for land compensation and design will be completed.
The Ministry of Land, Infrastructure and Transport announced on the 29th that it will officially revise the basic plan for the Daegu-Gyeongbuk Integrated New Airport civil airport on the 30th. This revision includes the additional designation of the Korea Airports Corporation as the project implementer and the incorporation of land details into the project area.
The Korea Airports Corporation will be responsible for constructing the landside (L/S) components of the airport, including passenger and cargo terminals and parking facilities. The airside (A/S) components, such as runways, taxiways, and aprons, will be funded by the government, while the airport operator will share costs for the revenue-generating L/S components, in accordance with the principles of the 6th Comprehensive Airport Development Plan.
Accordingly, of the total construction cost of 2.6996 trillion won for the civil airport, the Ministry of Land will contribute 1.2234 trillion won, while the Korea Airports Corporation will provide 1.4762 trillion won. The corporation confirmed its participation in the project after financial reviews and board approvals.
The basic plan has also been updated to include detailed information on the land being incorporated into the project area. The Ministry of Land has completed relevant consultations, including the public interest review by the Central Land Expropriation Committee, and explained that the project approval for land expropriation is deemed established through this announcement.
However, the actual timing for compensation and the start of design work will be determined based on the progress of the Daegu military airport relocation project.
Jeong Chae-kyu, head of the Aviation Policy Office at the Ministry of Land, stated, "With this revision of the basic plan, key administrative procedures for compensation and design for the civil airport construction project have been completed," adding, "The necessary budget for next year is also reflected in the government proposal, ensuring that the project is progressing without delays." He further noted, "As this is a joint relocation project for military and civilian airports, the compensation and design procedures will commence in line with the progress of the Daegu military airport relocation project."
* This article has been translated by AI.
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