Macquarie Korea Infrastructure Fund
Incheon-Gimpo Expressway is a dual two to three-lane, 28.9km long expressway connecting Jung-gu in Incheon Metropolitan City and Gimpo City in Gyeonggi Province in South Korea. As part of the western section of the 2nd Seoul Beltway, Incheon-Gimpo Expressway provides reduction in travel distance and time to drivers who commute vertically between Incheon Metropolitan City and Gimpo City. Furthermore, through its connected roads (Seoul-Incheon Expressway and Incheon International Airport Expressway), IGEX also offers a competitive transportation means to people who travel horizontally across the western part of Seoul Metropolitan Area. Construction began in March 2012 and was completed in March 2017.
MKIF has invested in Incheon-Gimpo Expressway Co., Ltd. (“IGEX”), the concessionaire of Incheon-Gimpo Expressway. As of the record date, MKIF is a 22.8% shareholder of IGEX, and MKIF’s total investment amount is KRW 128.0 billion (KRW equity 43.7 billion, subordinated loan KRW 78.7 billion, and conditional junior subordinated loan contract amount of KRW 5.6 billion).
|Government authority||Ministry of Land, Infrastructure and Transport|
|Concession term||30 years|
|Concession term commencement||March 2017|
|Capacity||Dual two to three-lane|