PSA and Hanjin win operating concession at Busan New Port

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Busan: The Busan Port Authority reports it has awarded a consortium comprising PSA and Hanjin Transportation the operating concession for three berths (Phase 1-1) at New Port, which were bought earlier from Pusan Newport Co.  
The Authority had launched three tenders inviting interested operators to make a bid for the berths. Two final tender offers were received before the August 24th deadline  from Korea Express and the PSA/Hanjin consortium.
The BPA says its choice of winning bid took into account several factors including proposed leasing fees, ability to attract cargo, company track record and stability, and plans to contribute to the future development of Busan Port.  [28/08/09]