The Government of South Korea’s Ministry of Oceans and Fisheries said in their latest announcement that the Busan Newport dredging operations will be completed in the following days, Yonhap News Agency informs.
The development project, with the main goal to bring larger vessels to the port, began in December 2014 with a budget of $53 million.
“By allowing bigger ships to dock, Busan Newport can become competitive with other major sea ports,” a ministry official said. “We expect the completion of the dredging construction to help Busan Newport attract more transshipment cargo.”
Busan Newport was originally designed in 2006 to handle 7,000 TEU container vessels with drafts of 15 meters.
The ministry began the latest dredging program to catch up with other ports in Shanghai and Singapore, which have 17m and 18m depths, respectively.
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