Releases, Busan-Gimhae Light Rail Transit 400 billion won support

[Korea before lower cervical financial newspaper reporter] Credit Guarantee Fund Busan-Gimhae Light Rail billion in 4000 to support the business.

Releases Busan-Gimhae Light Rail Transit project 16 days that said support member 4000 of the SOC billion in structured securitization company guarantee.

Busan-Gimhae Light Rail Transit project is a private profit-type business model which operates the light rail project samgyedong between Gimhae and Busan gwaebeopdong total length of 23.23km.

A competent respondent Busan and Gimhae preserves minimum revenue guarantee (MRG) costs paid burden is larger parties according to how a mere 50,000 level, the average daily passengers demand for light rail on nails significantly to 22 million people in the initial forecast (SCS) method Business It has promoted the restructuring.

Releases will provide assurance about the company SOC securitization as a public offering to raise 400 billion won SOC-ABS method of private financing of about 1 trillion won.

This becomes possible, depending on the funding of the Agency's financial savings and lower interest rates competent Busan is expected to significantly improve the stability of Gimhae Light Rail Transit project.

Releases plans to tow the private SOC projects enabled by supporting assurance of the year a total of 2 trillion.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com