How much did the phase 1 of Incheon International Airport cost?
Incheon International Airport is South Korea's main international airport on reclaimed land between Yeongjong and Yongyu islands west of Seoul, opened on 29 March 2001 after Phase 1 construction from November 1992, and expanded in Phase 2 (2002 to 2008), Phase 3 (2009 to 2017) and Phase 4 (2017 to 2024). The Incheon International Airport Corporation lists the Phase 1 project cost as 5.6323 trillion won, 40 percent of it from the national treasury, and the Korea Times put it at about 5.6 trillion won, or 4.96 billion dollars.
Final project cost
KRW 5632.3 billion
Approximately $4.36 billion
Cost basis: 2001
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Cost evidence
Basis of the published figure
Final project cost2001
Project record