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nature of the asset
Woomyunsan Tunnel is a 3.0 km, dual two-lane toll tunnel under Mount Woomyunsan providing a direct route between the Seoul suburb of Seocho and the satellite cities of Kwachon and Anyang in Gyeonggi province. Construction on the tunnel began in August 1998, and it began operations in January 2004.
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nature of the investment
MKIF has invested into Woomyunsan Infraway Co., Ltd. (WIC), the concessionaire of Woomyunsan Tunnel, in the form of equity. MKIF is a 36.0% shareholder of WIC. MKIF’s total investment in WIC is KRW20.3 billion.
Length: 3.0 km
Capacity: 4 lanes in both directions
Toll rate: KRW 2,000 - Small vehicles
Government authority: Seoul Metropolitan City
Concession term: 30 years (26 years remaining)
Guarantee duration: 30 years
Concession term commencement: January 2004
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