Macquarie Korea Infrastructure Fund
Busan New Port Phase 2-3 ("BNP 2-3") is one of the five container terminals in operation at Busan New Port. Construction began in November 2007 and was completed in November 2011. The terminal commenced commercial operation in January 2012 with the annual handling volume capacity of 1.8 million twenty-foot-equivalent units (TEUs). BNP 2-3 completed its capacity expansion in May 2015 to increase the annual handling volume to 2.5 million TEUs and completed its second capacity expansion in January 2021 to increase the annual handling volume to 3 million TEUs.
MKIF has invested in BNCT Co., Ltd (“BNCT”), the concessionaire of Busan New Port Phase 2-3. As of the record date, MKIF is a 30.0% shareholder of BNCT, and MKIF’s total investment amount is KRW 259.4 billion (equity KRW 66.4 billion and subordinated loan KRW 193.0 billion).
|Government authority||Ministry of Oceans and Fisheries|
|Concession term||28 years and 3 months|
|Concession term commencement||January 2012|
|Berthing facilities||Four 50,000 ton berths|
|Capacity||Annual handling volume capacity of 3 million TEUs|