Page 68 - 인천국제공항 4단계 건설사업 건설지 [화보집 영문]

Development of International Business

Complex and New Airport City

During the Phase 1 construction project, surrounding area to the corporation. Through this approach, by 2002, several
development projects, including the International Business facilities were built, including Hyatt Hotel and Best Western
Complex and the New Airport City, were also undertaken. Hotel. Meanwhile, the New Airport City was developed as
Initially, the International Business Complex was planned to a supporting city for airport operations, providing housing

cover 1,485,000㎡ in front of Terminal 1. However, due to and amenities for airport employees, maximizing land
concerns about traffic congestion and noise, the International use in the surrounding areas, and encouraging subsequent
Business Complex was located to the south of Terminal 1 and development. Although the 1997 financial crisis posed
the northern area of Yongyu Island. The private investment challenges to the new city’s development, 3,600 of the

adopted a Build-Operate-Transfer (BOT) model, where IIAC planned 5,400 residential units were occupied by the end of
owns the land, and investors construct the facilities, operate 2002, establishing a residential community.
them for a designated period, and then transfer the ownership

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