South Korea has announced plans to construct its first floating airport in the southern city of Busan with an investment of $10.83bn (KRW13.7tn).

The construction is anticipated to start in 2025 and expected to become operational by 2035.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

After revising five options for the new airport on Busan’s biggest island Gadeok, the Ministry of Land, Infrastructure and Transport finally decided to choose offshore for the new international airport to avoid noise pollution, potential land availability, and flight congestion given that Gimhae and Jinhae airports are closeby, reported Pulse.

The Ministry forecasts that the planned airport would handle around 23.36 million passengers and 286,000 tonnes of cargo by 2065.

The airport is planned to have a 3,500m runway to handle the national flag-carrying large freighters including B747-400F.

See Also:

Last year, the National Assembly approved a bill on this mega project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The new airport, which will be built on a floating structure at sea, is expected to cater to increasing air traffic demand and boost economy in the southeast region, reported Yonhap News Agency.

The ministry plans to commence drawing a detailed construction plan within this year after carrying out an environment survey.

According to Yonhap News Agency, the project is surrounded by controversies as critics believe the new airport is not only economically unviable but also would negatively impact the region’s environment.
—————————————————————————————————————-
Image: The planned airport is expected to handle around 23.36 million passengers and 286,000 tonnes of cargo by 2065.Credit: David Mark from Pixabay .