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New Songdo City, South Korea
The New Songdo City is a planned international business center to be developed on 1,500 acres (6 km²) of reclaimed land along Incheon's waterfront, 40 miles (65 km) south of Seoul and connected to Incheon International Airport by a 7.4 mile (12.3 km) highway bridge, called Incheon Bridge. Along with Yeongjong and Cheongna, it is part of the Incheon Free Economic Zone. The Songdo International Business District (IBD) will include a convention center, international school, museum, ecotarium, cultural center, Jack Nicklaus Golf Course, Northeast Asia Trade Tower (NEATT), First World Towers, Central Park, and Incheon Tower. This 10-year development project is estimated to cost in excess of $40 billion, making it the largest private development project ever undertaken anywhere in the history of the world. The project aspires to make the city and South Korea the preeminent business hub of Asia. When completed in 2015, the city's infrastructure will be a test bed for new technologies, and the city itself will exemplify a digital way of life. "It will be one of the world's first cities in which all information systems - residential, medical, business - are linked.
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May, 2012
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