Myeongdong Marina Signs an Execution Agreement with the Ministry of Oceans and Fisheries
Plans to Establish a Marina Capable of Holding 300 Boats by 2020
Changwon is to be placed at the center of Northeast Asian marine leisure scene through a key project in Jinhae.
The city administration signed an agreement with IPM, the largest marina operation and development company in the Mediterranean region, in order to build a marina facility capable of holding eight hundred boats in Masan Marine New Town. In addition, Changwon also signed “Execution Agreement for Hub Marina Port Development Project” with the same company, which will prompt the parties to establish a marina facility capable of hosting three hundred boats in Myeong-dong, Jinhae-gu.
Mayor Ahn Sang-soo recently visited Seoul Marina, located in Yeouido, Seoul, and announced the beginning of his city’s marina project by signing “Execution Agreement for Changwon Jinhae Myeongdong Marina Port Development” with the Minister of Oceans and Fisheries.
This project is one of the national government-funded hub marina port development projects, which is a part of the Ministry of Oceans and Fisheries’ “Three-Year Project for National Policymaking and Economic Innovation.” The city of Changwon was first selected as the priority negotiating party last April, engaging in five working-level and main meetings with the Ministry for the past five months. With the signing of the execution agreement, Changwon secured the status as the project operator from the national government.
This execution agreement also contains information about the scope of funding from the national government (within thirty billion Korean won), conditions for project execution, and future operations plans.
Jinhae Myeongdong Marina Port Development Project will be conducted on a wite as large as 110,000㎡ (50,000㎡ ground, 60,000㎡ water), with a budget of eighty-six billion Korean won that will help build three hundred yacht mooring facilities (150 on water, 150 on ground), a 480m-long external seawall, a clubhouse, park, commercial facilities, and industrial research facilities. Changwon city administration plans to establish a base camp for marine leisure tourism in Myeong-dong, Jinhae-gu.
The project has already broken ground. The 480m-long external seawall began construction in 2013, with a planned completion date in February 2017. The marina port proper will begin in the first half of 2018 after the project planning, zoning, and execution plan approval are completed. The marina will be completed in 2020 if all goes according to the plan.
When a marina port that can host three hundred boats is completed in Myeong-dong, Jinhae-gu, the facility will be connected to another marina facility capable of hosting eight hundred boats in Masan Marine New Town, allowing Changwon to take initiative in Korean marina industry, growing the city into the best marine leisure hub city in Northeast Asia.
Mayor Ahn said that the hub marina port development project in Myeong-dong, Jinhae-gu, and Masan Marine New Town marina port development project will push Changwon to become the hub city for marine leisure and sports in the Northeast Asia, and once the city’s marine tourism infrastructure is completed, Changwon will become the number one marine tourism city in Korea.