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Article: MACQUARIE KOREA INFRASTRUCTURE FUND - To invest in Busan New Port Phase 2-3.
- Article from:
- PR Newswire UK Disclose
- Article date:
- January 2, 2008
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MACQUARIE KOREA INFRASTRUCTURE FUND TO INVEST IN BUSAN NEW PORT PHASE 2-3
2 January 2008 -Macquarie Korea Infrastructure Fund ("MKIF") announced that it
has entered into agreements on 31 December, 2007 to commit to invest a total of
KRW 259.4 billion in Busan New Port Container Terminal, Ltd. ("BNCT"), the
concession company with the right to develop, operate and maintain the Busan
New Port Phase 2-3. ("BNP") (the "Investment").
BNP is currently being developed as a key part of a national priority port
project named Busan New Port, which is intended to meet future demand driven by
Busan's position as a regional shipping and logistics hub. The concession right
is for ...