South Korea’s 12.3-kilometer Incheon Bridge has opened to traffic on time, 52 months after the roughly $1.6-billion privately financed contract was signed. Linking Yeongjong Island and Incheon City, the crossing includes a 1.48-km-long cable-stayed bridge with an 800-meter steel box-girder main span. U.K.-based Amec PLC was project manger and holds shares in the crossing’s developer, Incheon Bridge Co. Samsung Corp. led the turnkey joint venture working to a design by Canada’s Buckland & Taylor Ltd. and detailed by Japan’s Chodai Co. Ltd. Photo: AMEC
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.