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International Construction Business Management

International Construction Business Management

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International Construction Business Management

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  1. International Construction Business Management 2002 Fall M. E. Rinker School of Building Construction

  2. The Construction Industryin The Republic of Korea Sep 11, 2002 Ahn, Hong-seob Ph.D, P.E.

  3. Contents • Introduction • The Republic of Korea(ROK) • The Construction Industry • Two Case Projects • Epilogue

  4. Introduction • Interest • Visiting Background • Focus

  5. Introduction to R.O.K

  6. Introduction to R.O.K • Geographic Location • Middle of East Asia • Area • 99,538km2 • Population(2001) • 47,343,000 • 2002 World Cup • Competitive Industries • Others

  7. Introduction to R.O.K

  8. The Construction Industry of R.O.K • Domestic Industry • Overseas

  9. History of the Construction Industry

  10. Domestic Industry • Construction Investment(2002 2/4) • $18,836mil/$129,714mil Gross • Domestic Contracts • $41,210mil • Overseas Contracts • $4,355mil • Others

  11. Domestic Industry-Construction Companies- • Rev $95,762mil(2000) • General Contractors • 11,961cos/474,404prs ->$48,573mil Rev • Trade Contractors • 30,573cos/867,788prs ->$47,189mil Rev • Total Employed • 1,342,192

  12. Overseas Contract(bil USD) • ’96 10.8 • ’97 14.0 • ’98 4.1 • ’99 9.2 • ’00 5.4 • ’01 4.4 • ’90 6.8 • ’91 3.0 • ’92 2.8 • ’93 5.1 • ’94 7.4 • ’95 8.5

  13. Traditional Architecture

  14. Two Case Projects • Korea Express Train Project • http://www.ktx.or.kr/ • Incheon Int’l Airport Project • http://www.airport.or.kr/

  15. Express Train Project • Project Outline • Budget • Period • Progress • Others

  16. Express Train Project • Route • 412km(Seoul-Pusan) • Speed • Max:300km, Average:213km • 116min/412km • System • Upgraded TGV

  17. Express Train Project • Budget • $12.78bil(1992-2004):interim comp. • $18.4bil total(2010):final comp. • Financing • Government :45%(35%+10%) • Institute :55% • 29%(credit), 24%(overseas), 2%(private) • Progress • 85.8%(Jul 2002) • Test Running- • Began Dec 1999 • Period: 52months

  18. Express Train Project • B/C Ratio • 1.10 • 30 yr, social discount ratio 11% ctc. • IRR • 11.84%

  19. L=9,975m/Jun 96-Mar 01/ NATM

  20. L=1,153m/Sep 97-Aug 00/ PC BOX

  21. ○ 2,890m /Apr 94-Dec 00○ SUP STR: PC box/ METHOD: FCM + FMS + SRC

  22. L=4,030m/ Nov 92-Nov 97/NATM

  23. Incheon Int’l Airport • Purpose • Budget • Facilities • Progress • Others

  24. Incheon Int’l Airport • Purpose • Seoul Airport • Hub Airport of North-East Asia • Budget • $7.8bil(1ST Stage) • Period • 1992-2000(1ST Stage) • 2002-2008(2nd Stage) • 2009-2020(3rd Stage) • Open • Mar 29, 2001

  25. Incheon Int’l Airport-Facilities- • Area : 56,202km2 • Passenger Terminal :49.59km2 • Control Tower : 100.4m • Runway: 3,750mL*60mW*2ea

  26. Incheon Int’l Airport-Capacity- • 240,000 flies/yr • Passengers: 27,000,000pers/yr • Cargo : 2,700,000tons/yr

  27. Incheon Int’l Airport -2nd Stage- • 2002-2008 • $4.7bil • I runaway, 1 passenger terminal etc. 240,000 flies/yr • ->410,000(2020) • Passengers:44,000,000pers/yr • -> 100mil(2020) • Cargo : 450mil tons/yr • ->700mil tons(2020)