South Korea will invest 807.7 billion won ($624 million) to build a local airport by 2028, with an aim to start its operations the following year, the Country's transport ministry said Wednesday.
The Saemangeum airport, if completed, can handle up to 1.05 million passengers and 8,000 tons of cargoes a year in 2058.
The government will build a 2,500-meter runway, an airport apron that can accommodate five planes, a passenger terminal, a cargo terminal and other related facilities in Saemangeum, a reclaimed area located about 280 kilometers southwest of Seoul, the Ministry of Land, Infrastructure and Transport said in a statement.
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