IFLR1000

Incheon International Airport Railroad PPP Project

23/6/2015
PPP
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W 3.722 trillion

$ 3.1 billion

Completed

23/6/2015

Overview:

  • The construction of a 61 km Incheon International Airport Railroad between Seoul Station and Incheon International Airport commenced operation in 2007 and 2010 sequentially.
  • The Incheon International Airport Railroad Private Participation Project is the largest PPP infrastructure project in Korea.
  • Incheon International Airport Railroad received $3.10 billion for the purposes of refinancing.
  • Kookmin Bank and the Industrial Bank of Korea consortium were the successful bidders for the refinancing.

Katrin Kostadinova - Data analyst

Jurisdiction:

South Korea

Deal type:

PPP

Practice area:

PPP/PFI

Governing law:

South Korea

Industry sector:

Transport

Firms:
Bae Kim & Lee

Party: Korail Airport Railroad (Project company)

Lee & Ko

Party: Kookmin Bank (Lead arranger, Lender)

Party: Industrial Bank of Korea (Lead arranger, Lender)

Party: KB Asset Management (Lead arranger, Lender)

Lawyer: Hun Ko

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