Mt Umyeon Tunnel PICKOI KRIHS Location Map PICKOI

Mt. Umyeon Tunnel PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description v Route : South Area of Seoul ~ Gwacheon- city, Gyeonggi-province v Length : 2. 96 km v Dual 2 -lane toll road v Main facility - 1 tunnel : 1. 6 km, 1 bridge : 180 m - 1 under ground road : 351 m v Construction period : Aug. 1999 ~ Oct. 2003 v Operation period : 30 yrs. PICKOI KRIHS

Project Costs (unit : USD mil. ) Item Cost Surveys, design 1. 5 Construction and equipment 86. 0 Supervision, insurance, Management fee for debt 3. 9 Price contingency, Interest during construction 53. 4 Total 144. 8 * USD 1 = KRW 1, 300 PICKOI KRIHS

Traffic Forecast Opening traffic forecast at 71, 110 in 2003 rising to 76, 007 by 2013 (Full Capacity) Traffic Volume (Vehicle/day) 76, 007 71, 110 2003 2013 2023 2033 PICKOI KRIHS

Development Status Equity commitment of USD 43 million - The consortium is led by Doosan Heavy Industry Co. Ltd. Local loan of USD 95 million Government subsidy of USD 7 million The progress of construction : 60% PICKOI KRIHS

The Developer/Investor Opportunity Sponsor’s equity available for sale to a third party Seeking operation partner PICKOI KRIHS

Seoul ~ Chuncheon Expressway PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description v Route : East Area of Seoul ~ Chuncheon city v Length : 62. 1 km v Dual 2~3 lane toll expressway v Main facilities - 7 interchanges and 1 intermediate junction - 2 rest areas, 42 bridges and 19 tunnels v Construction commencement : Mar. 2003 PICKOI KRIHS

Project Costs (unit : USD mil. ) Item Cost Surveys, design 33. 3 Construction and equipment 1, 046. 2 Supervision, insurance, Management fee for debt 95. 4 Price contingency, Interest during construction 360. 6 Total 1, 535. 5 * USD 1 = KRW 1, 300 PICKOI KRIHS

Traffic Forecast Opening traffic forecast at 68, 867 in 2008 rising to 92, 711 by 2038 Traffic Volume (Vehicle/day) 68, 867 2008 72, 921 2018 82, 417 2028 92, 711 2038 PICKOI KRIHS

Development Status l Submission of proposal : Sep. 2001 - The consortium is led by Hyundai Development Company l 3 rd party proposal is being accepted : until Sep. 2002 l Financing plan - Equity : USD 313 mil. - Debt : USD 731 mil. - Government subsidy : USD 492 mil. PICKOI KRIHS

The Developer/Investor Opportunity u Development partner u Financial investment - debt needed : approx. USD 731 mil. - available in Korean market : USD 576 mil. (financial advisor : Shinhan Macquarie Financial Advisor) - foreign debt portion : USD 155 mil. PICKOI KRIHS

The 2 nd Beltway in Seoul Metropolitan Area PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description Route : The southern sector of the circular ring expressway 50 km south of Seoul linking Songdo New Town to Joongbu Expressway. Length : 91. 3 km toll expressway Dual 2 lanes (41. 1 km), 3 lanes (50. 2 km) Access Links : Gyeongbu expressway, Joongbu expressway, PICKOI KRIHS Yeongdong expressway, etc.

Project Costs u The Estimated Construction Cost : USD 1, 581 mil. u The total project cost will be determined after completion of investigation, detailed design & at the conclusion of concession agreement. PICKOI KRIHS

Traffic Forecast · Sectional Traffic volume in 2008 : 24, 300 ~ 92, 200 Section Songdo ~ Shinwa ~ Seohae Volume (Veh/day) 72, 100 89, 400 Section Volume (Veh/day) Gyeongbu Yeongdong ~ ~ Yeongdong Jungbu 66, 600 47, 200 Seohae Bongdam ~ ~ Bongdam Gyeongbu 90, 300 92, 300 Jungbu ~ Jungbu Inner Area 24, 300 PICKOI KRIHS

Development Status u The feasibility study is being conducted by MOCT - LG Corp. is currently preparing the project proposal u Sep. 2002 : Preparation of detailed design documents u Oct. 2003 : Submission of proposal u Dec. 2004 : Commencement of construction PICKOI KRIHS

The Developer/Investor Opportunity Seeking a developer who can display the expertise and advanced technology Financial investment and financing arrangement PICKOI KRIHS

Cheonan-Nonsan Expressway PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description v v Route : Cheonan-city ~ Nonsan-city Length : 80. 96 km Dual 2 -lane toll expressway Main Facilities - 2 intermediate junctions (with Gyeongbu & Honam expressway) - 4 rest areas, 115 bridges, 2 tunnels v Construction period : Dec. 1997 ~ Dec. 2002 v Commencement of Operation : Jan. 2003 v Operation period : 30 yrs. PICKOI KRIHS

Project Costs (unit : USD mil. ) Item Cost Surveys, design 10. 6 Construction and equipment 1, 040. 0 Supervision, insurance, Management fee for debt 56. 5 Price contingency, Interest during construction 167. 0 Total 1, 274. 1 * USD 1 = KRW 1, 300 PICKOI KRIHS

Traffic Forecast · Opening traffic forecast at 46, 557 in 2003 rising to 90, 036 by 2021 Traffic Volume (Vehicle/day) 78, 492 67, 841 53, 954 46, 557 2003 90, 036 2006 2011 2016 2021 PICKOI KRIHS

Development Status ¢ The consortium is led by LG Corp. ¢ Construction complete : Dec. 2002 ¢ Financing Structure l Equity commitment : USD 333 mil. l Debt (incl. ABS) : USD 588 mil. l Government subsidy : USD 354 mil. - USD 223 mil. already invested - USD 131 mil. to be granted in 2002 PICKOI KRIHS

The Developer/Investor Opportunity ® To sell the sponsor’s equity to a third party (Negotiable Types of equity investment: common stock, preferred stock) ® Seeking partner to share the expertise and advanced technology for operation PICKOI KRIHS

Jeonju LRT PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description Green field project Connecting central business district to secondary business areas in Jeonju Main facilities - 28 Stations, 2 transfer stations Construction period : 2004 ~ 2006 (36 months) Operation period : 30 yrs. PICKOI KRIHS

Project Costs (unit : USD mil. ) Item Cost Surveys, design 12 Construction and equipment 198 Vehicles 74 Compensation 3 Operation Preparation 2 Incidental expenses 19 Total 308 * USD 1 = KRW 1, 300 PICKOI KRIHS

Traffic Forecast · Opening traffic forecast at 68, 551 in 2006 rising to 217, 995 by 2021 Traffic Volume 217, 995 (Person/day) 176, 288 146, 761 68, 551 2006 2011 2016 2021 PICKOI KRIHS

Development Status Feasibility study conducted by Jeonju city government The project is planned to be implemented as either a solicited or an unsolicited project. PICKOI KRIHS

The Developer/Investor Opportunity ® Developer or partner, who can provide the expertise and advanced technology in this project with a Korean sponsor ® Participation of equity ® Foreign currency loan ® Details on investment terms to be negotiated PICKOI KRIHS

New Bundang Railroad PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description Route : South Area of Seoul ~ Bundang new town, the satellite city of Seoul Length : 21. 35 km Main facilities - 9 Stations and 6 transfer stations - 7 Bridges and 4 tunnels Construction period : Jan. 2004 ~ Dec. 2008 (60 months) Commencement of operation : Jan. 2009 Operation period : 30 yrs. (Estimated) PICKOI KRIHS

Project Costs (Estimated) (unit : USD mil. ) Item Cost Surveys, design 35. 3 Construction and equipment 1, 044. 4 Supervision, insurance, Management fee for debt 124. 5 Price contingency, Interest during construction 410. 8 Total 1, 615. 0 * USD 1 = KRW 1, 300 PICKOI KRIHS

Traffic Forecast Opening traffic forecast at 301, 000 in 2009 rising to 576, 000 by 2033 Traffic demand (Person/day) 576, 000 507, 000 394, 000 301, 000 2009 2013 2023 2033 PICKOI KRIHS

Development Status The consortium is currently preparing the project proposal - It is led by Doosan Construction & Engineering Co. Ltd. Financial plan (Estimated) - Equity : USD 246 mil. - Debt : USD 569 mil. (negotiated with Korea Development Bank) - Government subsidy : USD 800 mil. PICKOI KRIHS

The Developer/Investor Opportunity ® Development partner ® Financial investment - Total debt needed : USD 569 mil. - available in Korean market : about USD 298 mil. (financial arranger : Korea Development Bank) - foreign debt portion : about USD 271 mil. PICKO I KRIHS

Incheon North Port Phase II-1 PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description Location : About 50 km west of Seoul Target Cargo : Dry bulk, lumber and general cargo Main facilities - 840 m long Berth (50, 000 DWT, 3 berths) - Storage area : 233, 576 m 2, warehouse : 3 bldg. Handling Capacity : Approx. 4 million RT/year Concession type : BTO Construction period : Feb. 2003 ~ Aug. 2007 Operation period : 50 yrs. PICKOI KRIHS

Project Costs (unit : USD mil. ) Item Cost Surveys, design 1. 7 Construction and equipment 141. 2 Supervision, insurance, Management fee for debt 9. 9 Price contingency, Interest during construction 42. 1 Total 194. 9 * USD 1 = KRW 1, 300 PICKOI KRIHS

Cargo Forecast · Opening cargo forecast at 2, 686, 000 in 2007 rising to 4, 021, 000 by 2020 (Full capacity) Handling Bulk Cargo (1, 000 R/T) 3, 903 4, 021 3, 980 2, 686 2007 2012 2017 2020 PICKOI KRIHS

Development Status Concession terms under negotiation with MOMAF - Dongbu Corporation is the sole sponsor and developer of the project Financing plan - Equity : USD 36 mil. - Debt : USD 85 mil. - Government subsidy : USD 74 mil. PICKOI KRIHS

The Developer/Investor Opportunity Financial investment - Type of equity investment negotiable : common stock, preferred stock, etc. End-user participation welcomed - Shipping Lines - those who need exclusive use of PICKOI KRIHS berth

Ulsan Port Phase 1 PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description Main facilities : 6 berths - 2 container berths, 2 multi-purpose berths, 2 mineral & ore berths Capacity : 515, 000 TEU/Year Concession Type : BTO Construction Period : Jan. 2003 ~ Dec. 2007 (60 months) Operation period : 50 yrs. PICKOI KRIHS

Project Costs (unit : USD mil. ) Item Cost Surveys, design 3. 5 Construction and equipment 147. 4 Supervision, insurance, Management fee for debt 23. 8 Price contingency, Interest during construction 42. 0 Total 216. 7 * USD 1 = KRW 1, 300 PICKOI KRIHS

Cargo Forecast · Opening cargo forecast at 264, 000 in 2008 rising to 515, 000 by 2013 (Full capacity) Traffic Volume (1, 000 TEU/year) 374 449 515 515 264 2008 2010 2012 2013 2015 2020 PICKOI KRIHS

Development Status Nov. 2001 : Proposal submitted Dec. 2001 : Selection of potential concessionaire - Hyundai development co. consortium Concession terms under negotiation with MOMAF Financing plan - Equity : USD 30 mil. - Debt : USD 91 mil. - Government subsidy : USD 96 mil. PICKOI KRIHS

The Developer/Investor Opportunity Participate in the sponsor’s equity (Type of equity investment negotiable ; Common stock, preferred stock) Financial investment & financing arrangement PICKOI KRIHS

Sewage Treatment Facilities in the North Jeolla Province PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description (1) Target area : 6 cities and districts in Saemangeum reclaimed area, North Jeolla province - Mangyeong River : Iksan-city, Gunsan-city, Wanju-gun - Dongjin River : Gimje-city, Buan-gun, Jeongeup-city Scope of the project : - Greenfield sewage treatment plants(STPs) - Integrated operation of existing STP under expansion and newly constructed STP. PICKOI KRIHS

Project Description (2) No. of planning facilities Type Plants New 19 4 14 37 Improved Existing Total Capacity (m 3/Day) 71, 600 210, 600 219, 815 502, 015 Remarks Construction +Operation Concession type : BTO + RTO Construction period : 2003 ~ 2006 (42 months) Operation period : 20 yrs. PICKOI KRIHS

Project Rationale Estimated population of North Jeolla province : 2. 1 million (by 2006 ) Just 42% of Jeolla provincial residents serviced with proper wastewater treatment works 8 STPs under operation (Capacity : 679, 000 m 3/day) North Jeolla provincial gov’t & municipalities in the Saemangeum reclaimed area are actively promoting water quality PICKOI KRIHS preservation of Mangyeoung & Dongjin

Project Costs (unit : USD mil. ) Item Cost Surveys, design & Construction 211. 3 Operation equipment 0, 4 Supervision, insurance, Management fee for debt Price contingency, Interest during construction Total * USD 1 = KRW 1, 300 19, 6 44. 0 275. 3 PICKOI KRIHS

Development Status Dec. 2000 : Joint venture agreement bet. Kumho & SNC Lavaline Feb. 2001 : Submission of proposal Jul. 2001 : Evaluation of documents Jan. 2002 : Announcement of proposal contents 3 rd party counter proposals will be accepted until Aug. 2002 PICKOI KRIHS

The Developer/Investor Opportunity u To join a consortium in construction and O/M u Financial investment -Details on investment terms to be negotiated u Comprehensive responsibility for construction and operation by private investors PICKOI KRIHS

Daejeon Sewage Treatment Plant (Phase 5) PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description Project scale - Capacity : 100, 000 m 3/day Length of sewage network : 9. 7 km Concession type : As agreed by negotiation (BTO, BOT, etc. ) Construction period : Jan. 2004 ~ Dec. 2006 (36 months) Commencement of operation : Jan. PICKOI KRIHS 2007

Project Costs/Revenues (unit : USD mil. ) Item Cost Construction 55 Survey, Design 5 Supervision, insurance, Management fee for debt 8 Total 68 * USD 1 = KRW 1, 300 * Price contingency, interest during construction are not included. PICKOI KRIHS

Development Status Environmental feasibility study conducted by Daejeon city Review of government’s subsidy amount for the project completed Development permit for the site approved The project is planned to be implemented as either a solicited or an unsolicited PICKOI KRIHS project.

The Developer/Investor Opportunity General developer with expertise in the sewage treatment plant construction Management company specializing in STP operation Details on investment terms to be negotiated after selection of the potential concessionaire PICKOI KRIHS

Sewage Treatment Facilities in Gyeonggi Province PICKOI KRIHS

Location Map PICKOI KRIHS

Project Description No. of planned facilities : 6 plants in 5 cities - Suwon, Goyang, Siheung, Yongin, Paju Total treatment capacity : 498, 000 ton/day Suwon Paju Siheung (105, 000/ Goyang (100, 000) Yongin (35, 000) 68, 000) (80, 000) (110, 000) Concession type : as agreed by PICKOI KRIHS

Project Rationale Estimated population of Gyeonggi province : 12. 3 mil. (by 2017) Currently 44 STPs in operation - Total capacity : 3. 4 mil. m 3/day 72% of Gyeonggi residents served by proper wastewater treatment works (as of 2000) Construction of 44 more sewage plants (1. 1 mil. m 3/day) planned in 19 cities - 22 of 44 STPs to be implemented as private investment projects PICKOI KRIHS

Project Costs/Revenues Estimated total project cost : USD 460 mil. Government Private Cost Project Investment City Cost Subsidy Suwon 96 48 48 66 33 17 Goyang 49 33 32 Siheung 56 30 26 Yongin 144 118 26 Paju 49 31 18 Total 460 292 168 PICKOI KRIHS

The Developer/Investor Opportunity 1. 2. 1. These Projects are greenfield projects. Developers and investors with both experience and interest in STP construction and operation are welcomed Participation of foreign equity or loan is welcomed - Details on investment terms to be PICKOI KRIHS negotiated