By 2020, 30 berths will be constructed at Songdo New City in Incheon. The Ministry of Maritime and Fisheries says that the access road and revetments tenders will be announced by next June 2007. For bulding berths, private investments will be required in amount of 2.6 trillion won, and total project capital will be 4.3trillion won. Phase 1 will be 13 container berths, 4 cargo berths at southern coastal area south of the existing LNG storages.