About Macquarie

Select a country:
Australia	Indonesia	South Africa
Austria	Ireland	Sweden
Brazil	Japan	Switzerland
Canada	Korea	Taiwan
China	Malaysia	Thailand
France	Netherlands	United Arab Emirates
Germany	New Zealand	United Kingdom
Hong Kong	Philippines	United States
India	Singapore

MKIFThe leading infrastructure fund in Korea

한국어

MKIF» MKIF assets» Woomyunsan Tunnel

MKIF assets

Woomyunsan Tunnel

The first private toll tunnel in the Seoul metropolitan area

Nature of the asset
Nature of the investment

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.

Nature of the investment

MKIF has invested in Woomyunsan Infraway Co., Ltd. (WIC), the concessionaire of Woomyunsan Tunnel, in the form of equity and subordinated loans. MKIF is a 36.0% shareholder of WIC and provided subordinated loan of KRW9.6 billion. MKIF's total investment in WIC is KRW20.3 billion.

Concession agreement

Concession agreement
Government authority:	Seoul Metropolitan Government
Concession term:	30 years
Guarantee duration:	30 years
Concession term commencement:	January 2004
Minimum Guarantee*:	79%¹ of annual CA projected revenue
Revenue Cap*:	110% of annual CA projected revenue

* All revenue sharing excess of 79% to 85% and excess 110% Partial revenue sharing excess of 90% to 110%

¹79% up to 2023 and 78% from 2024 to 2034

Facilities

Facilities
Length:	3.0 km
Capacity:	Dual two-lane in both directions
Toll rate:	KRW 2,500 – Small vehicles

Asset map

CLICK TO ENLARGE

Asset gallery

CLICK TO ENLARGE

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. You should also seek independent financial advice prior to acquiring a financial product.

All securities and financial product or instrument transactions involve risks. Past performance of any product described on this site is not a reliable indication of future performance.

Macquarie only carries on banking activities in those countries it is authorised to do so. Macquarie Bank Limited (MBL) is authorised by the Australian Prudential Regulation Authority (APRA) in Australia to carry out banking business in Australia. Each of MBL, acting through its London branch, and Macquarie Bank International Limited, is authorised and regulated by the UK Financial Services Authority to carry on banking business in the United Kingdom. MBL, acting through its Seoul Branch, is authorised and regulated by the Financial Services Commission in Korea to carry out banking business in Korea. MBL, acting through its Singapore Branch, is authorised and regulated by the Monetary Authority of Singapore to carry out banking business in Singapore.

Other than MBL, any Macquarie Group entity noted on this page is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Macquarie Bank Limited maintains Representative Offices in the states of Illinois, New York and Texas, but is not authorised to conduct banking business in the US.