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You are here:   Macquarie Korea Infrastructure Fund (MKIF) > MKIF's assets > Busan New Port Phase 2-3
nature of the asset

Busan New Port Phase 2-3 is one of the national priority projects designed to meet future demand driven by Busan’s position as a regional shipping and logistics hub. Construction is expected to take approximately 48 months. Upon completion, it will be a container terminal, handling maximum capacity of 2.7 million Twenty foot Equivalent Units (“TEUs”) per year.

nature of the investment

MKIF has committed to invest a total of KRW 259.4 billion in Busan New Container Terminal (“BNCT”), the concessionaire of Busan New Port Phase 2-3. The investment comprises of 30% equity (KRW 66.4 billion) of BNCT, making MKIF the largest shareholder, and 100% of subordinated debt (KRW 193 billion), raised by BNCT.

facilities
Site area: 840,000m2
Berthing facilities: Four 50,000 ton berths
Capacity: Estimated maximum handling capacity 2.7 million TEUs per year
concession agreement
Government authority: Ministry of Land, Transport and Maritime Affairs
Concession term: 29 years and 3 months from the start of the operation
Concession term commencement: Under construction, Operation commencement expected in 2011

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