Philadelphia Industrial Development Authority Awards Facilities Contract to Hanwha Philly Shipyard Inc (September 2026)
Philadelphia Industrial Development AuthorityPublic Authority · Philadelphia, PA- Disclosed value
- $4,500 per acre per month for GPMA, the Steam Plant, Marine Railway, Grassy Area, Building 120, and Water Tower; $27,445.56 per month for Dry Dock 2 & Pier 5
- From agendapacket
- Approved
- Sep 21, 2026
- Renews
- Free account
The 30-second brief
PAID approved a Master Lease with Hanwha Philly Shipyard, Inc. for multiple Navy Yard properties and marine facilities. The initial term runs through May 31, 2074, with five 10-year renewal options and base rent set by acreage and specified dry dock and pier space.
Hanwha Philly Shipyard Inc holds this facilities contract with Philadelphia Industrial Development Authority. Its other public contracts on record include work for Delaware County Workforce Development Board.
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Contract details
- Contract type
- Facilities
- Amount
- $4,500 per acre per month for GPMA, the Steam Plant, Marine Railway, Grassy Area, Building 120, and Water Tower; $27,445.56 per month for Dry Dock 2 & Pier 5
- Document date
- September 21, 2026
- Term
- Initial term of approximately 572 months, until May 31, 2074, with five 10-year renewals
- Renews
- On record
- Source document
- Philadelphia Authority for Industrial Development AgendaPacket Board Meeting 2026-09-22 (AgendaPacket)
Hanwha Philly Shipyard Inc's other public contracts
More Philadelphia Industrial Development Authority contracts
Questions about this contract
Who was awarded the facilities contract by Philadelphia Industrial Development Authority?
Hanwha Philly Shipyard Inc was awarded this facilities contract by Philadelphia Industrial Development Authority, as recorded on September 21, 2026. The contract value is $4,500 per acre per month for GPMA, the Steam Plant, Marine Railway, Grassy Area, Building 120, and Water Tower; $27,445.56 per month for Dry Dock 2 & Pier 5.
How much is the Hanwha Philly Shipyard Inc contract with Philadelphia Industrial Development Authority worth?
The Hanwha Philly Shipyard Inc contract with Philadelphia Industrial Development Authority is valued at $4,500 per acre per month for GPMA, the Steam Plant, Marine Railway, Grassy Area, Building 120, and Water Tower; $27,445.56 per month for Dry Dock 2 & Pier 5, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Philadelphia Authority for Industrial Development AgendaPacket Board Meeting 2026-09-22 (AgendaPacket), dated September 21, 2026 from Philadelphia Industrial Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Hanwha Philly Shipyard Inc hold?
Hanwha Philly Shipyard Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Philadelphia Industrial Development Authority currently buying?
Explore Philadelphia Industrial Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
