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Macquarie invests $277m in Pusan New Port

Macquarie invests $277m in Pusan New Port

Seoul: Macquarie Korea Infrastructure Fund, a subsidiary of Australian financial services giant Macquarie, is to invest Won259.4bn ($276.85m) in Pusan New Port Container Terminal.
The terminal company, which already boasts CMA CGM, Korea Marine Transport Co and Hyundai Development as investors, has a concession to develop, operate and maintain phase 2-3 at Pusan New Port, a fourth berth, 1,400m long terminal with an annual capacity of 2.7m teu.
Macquarie already has investments totalling $1.5bn in eight container terminals and two bulk facilities around the world. [03/01/08]

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