Philadelphia Industrial Development Authority Awards Facilities Contract to Hanwha Philly Shipyard Inc (September 2026)

Scope & details

The full contract record, as filed.

Contract amount

$4,500 per acre per month; approximately $213,705 per month based on 47.49 total acres

Contract type

FACILITIES

Contract term

Initial term of approximately 572 months, ending May 31, 2074, with five 10-year renewal terms

Renewal date

2074-05-31

Renewal

Five 10-year renewal terms are authorized. At the end of the initial term and all renewals, the Tenant has an option to purchase the Leased Premises for nominal consideration.

Document type

Agenda

Source document

Philadelphia Authority for Industrial Development Agenda September 22, 2026

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Philadelphia Authority for Industrial Development AgendaPacket Board Meeting 2026-09-22

APPROVED

Philadelphia Industrial Development Authority, Pennsylvania$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 5Sep 21, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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 22, 2026. The contract value is $4,500 per acre per month; approximately $213,705 per month based on 47.49 total acres.

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; approximately $213,705 per month based on 47.49 total acres, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Philadelphia Authority for Industrial Development Agenda September 22, 2026 (Agenda), dated September 22, 2026 from Philadelphia Industrial Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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.

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What is Philadelphia Industrial Development Authority currently buying?

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