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UPA Sets Budget for 2015
The UPA announced that the budget increase is due to the large-scale investment projects including the port hinterland development (KRW 39.8 billion), investment for a joint venture (KRW 3.7 billion) and the construction of the Namhwa lighters wharf (KRW 14.4 billion).
The UPA has issued KRW 50 billion of bonds this year and will issue KRW 70 billion next year, explaining the inevitability of the loan management.
The UPA reported the amendment for the third port basic plan that was requested by the Ministry of Oceans and Fisheries to the Port Commission.
The third port basic plan will be established in the second half of next year and announced in the first half of 2016.
hkm@yna.co.kr
Copyrights Yonhap News. All Rights Reserved. Source Text
Source: Yonhap News (December. 04, 2014)
** This article was translated from the Korean.
Date
2014.12.26
Views
452
According to Yonhap News,
(ULSAN=Yonhap News) The Ulsan Port Authority (UPA) has set the budget for 2015 to KRW 144.2 billion, which is under deliberation by the Port Commission.
The UPA announced that the budget increase is due to the large-scale investment projects including the port hinterland development (KRW 39.8 billion), investment for a joint venture (KRW 3.7 billion) and the construction of the Namhwa lighters wharf (KRW 14.4 billion).
The UPA has issued KRW 50 billion of bonds this year and will issue KRW 70 billion next year, explaining the inevitability of the loan management.
The UPA reported the amendment for the third port basic plan that was requested by the Ministry of Oceans and Fisheries to the Port Commission.
The third port basic plan will be established in the second half of next year and announced in the first half of 2016.
hkm@yna.co.kr
Copyrights Yonhap News. All Rights Reserved. Source Text
Source: Yonhap News (December. 04, 2014)
** This article was translated from the Korean.