HJ Engineering & Construction is accelerating the construction of a 120-megawatt (㎿) data center on a 50,000 square meter (approximately 15,000 pyeong) site in the northern port area of Incheon. An HJ Engineering & Construction official said on the 30th, "Once we officially begin the licensing process with the city of Incheon soon, the project will be on track."
The special purpose company (SPC) Bukhang IDCP FV, established for the construction of the data center, completed the acquisition of land in Incheon’s northern port last year through investment from the financial sector.
Bukhang PFV plans to change the land use designation, based on an interpretation from the Ministry of Oceans and Fisheries, to regard the site as a general industrial area, allowing for the construction of a data center as broadcasting and communications facilities, instead of the current use for factories and warehouses. It is reported that the Ministry of Oceans and Fisheries has determined that the data center development is possible, as the site is not included in the port area defined by Article 3 of the Port Act.
The asset management trust company for the PFV is to be handled by KOREIT, which is expected to accelerate the project. KOREIT has currently received construction approval for the data center development project in Ilsan and is progressing with the construction company GS Engineering and Construction. It is also reported that additional projects are under continuous review.
The site is assessed to be easy to develop due to its flat terrain as an existing port facility, and it has excellent road conditions. Particularly, its location near the metropolitan area provides advantages in terms of proximity to living and working spaces, and due to the characteristics of the site, the project can be pursued without complaints regarding noise and vibration during development and operation.
An HJ Engineering & Construction official noted, "The construction of the data center is a promising future project with significant growth potential and expected sustainable growth, so we will ensure that there are no setbacks at any stage from licensing to completion."