Minimum Revenue Guarantee Summary
As of 31 October 2009
| Asset |
Revenue Guarantee Threshold 1 |
Revenue Cap Threshold 1 |
Remarks |
| OPERATING ASSET |
| Incheon International Airport Expressway |
80% |
110% |
Partial revenue sharing in excess of 80% to 110% level |
| Baekyang Tunnel |
90% |
110% |
|
| Gwangju 2nd Beltway, Section 3-1 |
90% |
110% |
|
| Gwangju 2nd Beltway, Section 1 |
85% |
115% |
|
| Woomyunsan Tunnel |
79% 2 |
110% |
All revenue sharing excess of 79% to 85% and excess 110%
Partial revenue sharing excess of 90% to110% |
| Cheonan-Nonsan Expressway |
82% |
110% |
Partial revenue sharing in excess of 82% to 110% level |
| Soojungsan Tunnel |
90% 3 |
110% |
|
| Daegu 4th Expressway, East |
79.8% |
120.2% |
|
| Machang Bridge |
80% |
120% |
|
| Yongin-Seoul Expressway 4 |
70% |
130% |
|
| Seoul-Chuncheon Expressway 4 |
80% / 70% / 60% |
120% / 130% / 140% |
Change over a five-year period |
| Seoul Subway Line 9, Line 1 4 |
90% / 80% / 70% |
110% / 120% / 130% |
Change over a five-year period |
| Incheon Grand Bridge |
80% |
120% |
|
| Seosuwon-Osan-Pyungtaek Expressway 4 |
80% / 70% / 60% |
110% / 120% / 130% |
Change over a five-year period |
| CONSTRUCTION ASSET |
| Busan New Port Phase 2-3 |
|
|
|
1 % of annual concession agreement projected revenue
2 79% up to 2023 and 78% from 2024 to 2034
3 Revenue guarantee for only 91.5% of the shortfall amount
4 No revenue guarantee applies if actual revenue are below 50 % of the toll revenue forecast
|
