Daewoo Engineering & Construction shares rose for a second consecutive session after its 19-company consortium submitted basic design documents for the 10.7 trillion won Gadeokdo New Airport site preparation project. The submission moves the consortium closer to a negotiated contract but does not finalize the award. Shares were up 11.35% at 20,500 won as of 11:07 a.m. on the 8th, after rising 9.26% the previous session, and reached 20,850 won intraday. The Central Construction Technology Review Committee will review the documents this month, with results and the Public Procurement Service’s selection of a qualified detailed-design bidder scheduled for next month. Detailed design is then due to begin, priority construction is planned for November, and main construction is scheduled for the first half of 2027. The government is targeting a 2035 opening for the airport, whose site will be created through offshore reclamation across approximately 6.669 million square meters in Busan’s Gangseo District. The project has a 106-month construction period and remains exposed to a 620 billion won cost-increase request from the consortium, technical challenges involving underwater soft ground and waves, and possible review-related delays. The request cites higher fuel and material costs linked to the Middle East conflict, while relevant force majeure provisions generally apply only after a contract is signed.