Macquarie Korea Infrastructure Fund
Assets
Busan New Port the 2nd Rear Road is a dual two-lane, 15.3km long expressway that links Busan New Port Hinterland Complex located in Changwon-si, Gyeongsangnam-do and Jillye Junction on Namhae Expressway located in Gimhae-si, Gyeongsangnam-do. The road is one of two main roads to/from Busan New Port to Seoul Metropolitan area, Chuncheong and Jeolla-do. Construction began in July 2012 and was completed in January 2017.
MKIF has acquired equity and subordinated debt of Busan New Port 2nd Rear Road Co., Ltd. (B2RR), the concessionaire of Busan New Port the 2nd Rear Road, from a financial investor in September 2020. As of record date, MKIF is a 47.6% shareholder of B2RR, and MKIF’s total investment amount is KRW 110.7 billion (equity KRW 41.5 billion and subordinated debt KRW 69.2 billion).
| Concession agreement | |
| Government authority | Ministry of Land, Infrastructure and Transport |
| Concession term | 30 years |
| Concession term commencement | January 2017 |
| Facilities | |
| Length | 15.3 km |
| Capacity | Dual two-lane |
