About Incheon Bridge

4360 Words18 Pages
The Incheon Bridge, which links the Incheon International Airport (based on Yongjing island) and the international business district of New Songdo City (second bridge crossing), started construction in June 2005. The bridge was completed and inaugurated in October 2009. It is among the seven longest bridges of its kind in the world. The bridge is a 12.3km (7.4m) toll bridge that links the Seoul-Incheon expressway with the Seohaean expressway, to shorten the journey time from Incheon airport to the metropolitan districts of Seoul by 40 minutes. The bridge was built at an estimated cost of more than $1.4bn (KRW1.25 trillion). Management, construction and finance "The Incheon Bridge started construction in June 2005." KODA Development, a joint venture between UK-based AMEC and the city of Incheon, financed and managed the project, while Samsung Joint Venture, a group of seven domestic builders, was in charge of the design and construction. Samsung Engineering and Construction, Daelim, Daewoo, Hanjin, Hanwha, Kumho and GS are partners in the group. Structural engineering services were provided by Chodai Co. Ltd, Seo Yeong and Hyundai Engineering and Construction. Buckland and Taylor Ltd were responsible for developing the basic bridge design, providing support to KODA in securing construction bids and providing technical due diligence services for the banks financing the project. Allianz Global Risks UK is the leading insurer for the project, providing all risks; delay in start-up and third party liability retrocession insurance cover. The company will also provide risk-consulting services on-site. Other companies involved in the bridge insurance include the Korean Reinsurance Company and the direct insurers Samsung Fire and Marine, while the broker is Aon Ltd of London. KODA Development will manage the bridge for 30 years and later return the facility to the

More about About Incheon Bridge

Open Document