The Busan Port Authority (BPA) has conducted a design feasibility review for the second phase of construction of the New Port North Container Terminal.
The value engineering (VE) review was conducted last February by experts from different areas analyse design details and make alternative suggestions while considering economic and construction feasibility.
According to a statement, the review was deemed necessary as construction works combine special techniques – such as blasting, bedrock blasting, vertical shaft, and remote-control technologies – which need to be carried out thoroughly.
Furthermore, under the Korean law a VE is mandatory for designing projects that cost over 10 billion won ($8.1 million), while the container terminal in the Port of Busan was valued at approximately 630 billion won ($513.8 million).
The Head of the Construction Division at BPA, Min Byeong-geun, stated: “By using the review system, we will cut costs while establishing high-tech facilities with excellent quality, contributing to BPA to become a leading public company in the construction field.”