Construction Begins on KRW 4.7 Trillion Tashkent New Airport

KIND Launches Full-Scale Support for ‘K-Airport Exports'

The Korea Overseas Infrastructure & Urban Development Corporation (hereinafter referred to as KIND, President Bok-hwan Kim) announced that President Kim attended the groundbreaking ceremony for the Tashkent New Airport Construction Project held in Tashkent, Uzbekistan, on October 15 (local time).

This event officially marked the commencement of a large-scale overseas airport project led by Vision Invest, a Saudi Arabian infrastructure development institution, with Japan’s Sojitz Corporation, KIND, and Incheon International Airport Corporation participating as co-developers.

The Tashkent New Airport project, valued at approximately KRW 4.7 trillion, aims to construct and operate a new international airport 35 kilometers south of Tashkent to address saturation at the existing airport and accommodate the city’s expansion. The project will handle 17 million passengers annually in the first phase and 54 million in the second phase, with a total operation period of 45 years. As the capital airport project of Uzbekistan, which has strong economic growth potential, it holds significant strategic advantages.

In addition to the Tashkent New Airport project, KIND is supporting Korean airport operators in various overseas airport development tenders by jointly participating from the bidding stage through feasibility study assistance, proposal preparation support, and cost-sharing arrangements.

KIND is collaborating with Incheon International Airport Corporation on the Urgench Airport project in Uzbekistan and two airport development projects in Montenegro, and with Korea Airports Corporation on the Luang Prabang Airport modernization project in Laos. Together with airport operators, construction companies, and design/CM firms, KIND is actively working to promote the export of “K-Airport” in the global airport PPP market.

President Bok-hwan Kim stated, “The Tashkent New Airport project is a large-scale infrastructure development in Central Asia jointly promoted by companies from Korea, Saudi Arabia, and Japan, and financed by multiple Multilateral Development Banks (MDBs) and Export Credit Agencies (ECAs). It serves as an important stepping stone for expanding the presence of Korean companies in the Central Asian and global airport development markets.” He added, “KIND will continue to actively identify and support overseas investment and development projects in cooperation with various domestic companies, striving to enhance the global competitiveness of ‘Team Korea.’”

As a key institution for Korea’s overseas infrastructure export strategy linked with government policy, KIND plans to continuously expand its support for Korean companies’ overseas advancement in various social overhead capital (SOC) sectors, including airports, ports, roads, and railways.

KIND Launches 2025 Training Program for Overseas Investment and Development Professionals

– Building a Foundation for Developing Specialized Global Talent -

The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bokhwan Kim) conducted the “2025 Overseas Investment and Development Talent Training – Advanced Course I” over five days from Monday, the 17th, to Friday, the 21st.

This course focused intensively on key subjects essential for carrying out overseas investment and development projects, including PPP (Public-Private Partnership) project structuring, project financing (PF), and risk management for overseas projects. A tiered curriculum was implemented to reflect participants’ job levels and experience, thereby enhancing training effectiveness.

The program’s instructors included not only internal experts from KIND but also specialists from private-sector companies and experts in public overseas investment. This approach was designed to foster networking among professionals in the infrastructure development market and provide practitioners with access to a wider range of knowledge.

Another highlight of the program was the reinforcement of field-based learning. To enhance participants’ practical understanding and on-site awareness, KIND incorporated infrastructure facility site visits into the curriculum. By going beyond theory-based instruction and offering direct exposure to real project environments, the program significantly improved experiential learning.

A KIND representative stated, “Securing professional talent is crucial for the continued growth of overseas investment and development projects,” adding, “Through this training program, we aim to continuously nurture practical experts essential to the overseas investment and development ecosystem, thereby contributing to increased international investment participation and expanding overseas project orders.”

KIND and KECO Sign MOU on Overseas Environmental Investment and Global GHG Reduction Cooperation

The Korea Overseas Infrastructure & Urban Development Corporation (KIND, President: Kim Bok-hwan), and the Korea Environment Corporation (KECO) have joined forces to jointly identify overseas environmental investment and development projects. On the 28th, the two organizations signed a Memorandum of Understanding (MOU) and agreed to strengthen collaboration in pioneering overseas environmental markets and expanding international greenhouse gas (GHG) reduction initiatives.

Under this agreement, KIND and KECO plan to enhance cooperation across various areas, including: ▲ Identifying and sharing information on public-private partnership (PPP)–based overseas environmental investment and development projects  ▲ Discovering and providing comprehensive support for international GHG reduction projects ▲ Supporting and collaborating on overseas environmental infrastructure development and joint public–private project bidding ▲ Utilizing global networks to identify and cooperate on new projects

As global efforts to address climate change and build sustainable infrastructure grow, the market for environmental PPP projects continues to expand. In particular, Korea plans to use international GHG reduction as a key measure for achieving its 2035 Nationally Determined Contribution (NDC) targets, making the discovery and activation of additional projects essential.

President Kim Bok-hwan of KIND stated, “The overseas environmental infrastructure market has become a top priority for governments facing rapid urbanization and industrialization, and many are expanding private-sector investment to overcome fiscal limitations. It is necessary to leverage PPP-driven project development to strengthen the competitiveness of Korean companies and secure stable, long-term revenue streams.”

KIND and Hyundai Rotem Sign MOU for Joint Development of Overseas Projects and Mutual Cooperation

Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Bok-hwan Kim) announced that it signed a Memorandum of Understanding (MOU) with Hyundai Rotem Company, a global railway solutions provider, on December 16 to jointly develop overseas railway projects and strengthen mutual cooperation.

This MOU was concluded in response to the growing global demand for railway infrastructure and the increasing number of new railway project tenders worldwide. By combining KIND’s expertise in overseas infrastructure project development with Hyundai Rotem’s comprehensive technological capabilities across the entire railway sector—including rolling stock, signaling, and power systems—the two organizations aim to enhance their competitiveness in the global market.

In particular, Public-Private Partnership (PPP) project delivery models have been expanding rapidly in overseas railway markets. As government budgets alone are increasingly insufficient to meet large-scale railway infrastructure demand, PPP models—which integrate private capital and operational expertise—are emerging as a viable alternative that improves both fiscal efficiency and project feasibility. KIND plans to contribute its expertise in project structuring, risk management, and investment support across all stages of PPP projects, while Hyundai Rotem will leverage its advanced rolling stock and rail solution design and manufacturing technologies, as well as its operational experience, to create strong synergies.

Under the MOU, the two parties will expand cooperation across a wide range of areas, including: ▲ mutual exchange of information related to overseas projects (overseas railway rolling stock projects and related rail solution businesses); ▲ joint identification and development of promising overseas railway projects; ▲ provision of joint equity participation and investment opportunities in overseas projects; and ▲ joint development of priority projects.

President Bok-hwan Kim of KIND stated, “Railway PPP projects represent a rational project delivery approach that takes into account the fiscal capacity of governments, and they also constitute an important field in which Korean companies can create new opportunities in the global market.” He added, “Through this MOU, KIND will work closely with Hyundai Rotem to actively identify overseas railway PPP projects and take the lead in structuring optimal project implementation models.”

Following the signing of the MOU, KIND and Hyundai Rotem plan to actively pursue joint projects, focusing on regions where the two organizations have already established cooperative relationships, including Asia, the Middle East, and Europe. They also aim to respond proactively to the rapidly changing global railway market environment and evolving project structures.

KIND Hosts "2026 K-City Network Planning-Type Project Bidding Briefing Session"

- Sharing bidding information for 2026 KCN planning-type projects and follow-up commercialization plans -

  Korea Overseas Infrastructure & Urban Development Corporation (President Kim Bok-hwan, hereinafter KIND) will host the "2026 K-City Network Planning-Type Project Bidding Briefing Session" at 10:00 AM on February 11 at Two IFC in Yeouido, Seoul (The Forum Room 303).

  The K-City Network Global Cooperation Program (hereinafter KCN) is an inter-governmental cooperation project by the Ministry of Land, Infrastructure and Transport aimed at developing smart cities in Korea and expanding related technologies. Since 2020, it has supported a total of 58 projects across 26 countries and serves as a cooperation platform for Korean companies to enter overseas smart city and urban development sectors.

  This bidding briefing session will be conducted for companies interested in participating in the bidding for three projects selected as 2026 KCN planning-type projects. The target projects include ▲Kazakhstan Alatau New Town Smart Town Master Plan Development, ▲Uzbekistan Tashkent New Airport Hinterland Master Plan Development, ▲Poland Lublin Smart City Master Plan and Integrated Control Center Construction Plan, with a total support scale of approximately KRW 2.1 billion.

  The briefing session will provide guidance on the overall implementation procedures for the 2026 KCN planning-type projects, along with detailed project contents and bidding procedures for the three selected projects. In particular, the session will focus on explaining bidding eligibility requirements for companies with planning capabilities in overseas urban development and smart city sectors, consortium formation possibilities, and proposal preparation guidelines.

  Through this briefing session, KIND plans to share follow-up commercialization plans to enable planning-type projects to expand into investment development-type projects (PPP), demonstration projects, and more, building on past achievements. This aims to enhance Korean companies' actual order competitiveness by examining commercialization potential from the planning stage and to promote sustainable performance creation for KCN projects.

  Furthermore, KIND plans to further strengthen cooperation with private companies through this bidding briefing session and actively pursue the discovery of new projects and linkage to follow-up commercialization in overseas urban development and smart city sectors through the K-City Network project.

  Companies (organizations) wishing to participate in the briefing session must pre-register by 5:00 PM on Tuesday, February 10 through the online link (naver.me/GScYwV9t) or the QR code on the poster. Additionally, detailed information about the K-City Network project can be found on the official website (kcitynetwork.go.kr).

□ The Ministry of Land, Infrastructure and Transport (Minister Kim Yun-deok), the Ministry of Climate, Energy and Environment (Minister Kim Sung-hwan), and the Ministry of Oceans and Fisheries (Minister Hwang Jong-woo) announced that “Team Korea,” a collaborative initiative involving private companies, government ministries, and public institutions, successfully secured the contract for the first Floating Liquefied Natural Gas (FLNG) facility project offshore Louisiana, United States, valued at USD 2.8 billion (approximately KRW 4 trillion), on June 1 (local time).

 * Floating Liquefied Natural Gas : a floating offshore facility equipped with LNG liquefaction systems. Constructed at domestic shipyards and installed offshore, FLNG facilities liquefy, store, and offload natural gas produced directly from offshore gas fields.

 ㅇ For this project, the Korea Overseas Infrastructure & Urban Development Corporation (KIND), the Green Fund, and the Korea Ocean Business Corporation (KOBC) invested in a fund led by BlackRock, the world’s largest asset management company. By participating as financial investors and supporting the project’s financing structure, they helped facilitate the EPC (Engineering, Procurement and Construction) contract awarded to a Korean company.

 * Samsung Heavy Industries has secured six of the ten FLNG projects ordered worldwide to date, with three currently in operation and three under construction. The additional contract is expected to further strengthen the company’s leadership in the global FLNG market.

 ㅇ The project will incorporate environmentally friendly technologies developed by Korean companies, including Selective Catalytic Reduction (SCR) systems, which reduce nitrogen oxide emissions by converting them into nitrogen and water through catalytic reactions, and Heat Recovery Steam Generators (HRSGs), which maximize energy efficiency by recovering waste heat to generate steam and electricity.

□ This project is particularly significant as it demonstrates how close collaboration among private companies, three government ministries, and two public institutions helped secure a major overseas infrastructure project for a Korean company while also laying the groundwork for broader participation in the U.S. energy infrastructure market.

 ㅇ As an investment-development project encompassing the entire value chain—from financing and construction to operations—it is expected to serve as a pivotal milestone in transforming Korea’s overseas construction sector from a traditional contract-based industry into a high-value-added integrated industry.

 ㅇ Furthermore, given that fabrication, shipbuilding, and assembly activities will be carried out in Korea, the project is expected to contribute to regional economic growth by generating additional business opportunities for small and medium-sized enterprises (SMEs) and mid-sized companies throughout the supply chain.

□ This case also demonstrates that participation in major overseas infrastructure projects can contribute not only to securing construction contracts but also to strengthening supply chain resilience.

 ㅇ Accordingly, amid growing supply chain uncertainties resulting from potential disruptions such as a closure of the Strait of Hormuz, the government plans to actively promote the diversification of import sources and the strengthening of transportation networks through strategic overseas infrastructure investments.

□ The government stated, “Government ministries and public institutions will work together as trusted partners to support Korean companies expanding overseas on the strength of their technological capabilities. Building on the partnerships established with global developers through this project, we hope to identify and pursue further opportunities for future collaboration.”

 ㅇ The government further emphasized, “We will continue to provide robust policy support to help transform the overseas construction industry into a high-value-added sector that creates quality jobs. In particular, we will expand investments in overseas energy, port, and other infrastructure projects to strengthen our capacity to respond to global supply chain challenges.”

	< FLNG >
▲ Overview (Illustrative Image)