KB Kookmin Bank announced that it has completed financing totaling 4.3742 trillion won (approximately $3.3 billion) for the GTX-C line of the metropolitan express railway project. The bank, acting as the lead financial arranger, signed a financial agreement with GTX-C Co., the project implementation corporation, on September 30.
The GTX-C project aims to establish a metropolitan transportation network that connects Deokjeong Station in Yangju, Gyeonggi Province, to Suwon Station, covering a total length of 86.46 kilometers and including 14 stations, passing through Uijeongbu and Seoul's Cheongnyangni, Samsung, and Yangjae.
Nineteen financial institutions participated in this financing arrangement. Of the total amount raised, 3.13 trillion won will be secured through senior loans, while 1.2442 trillion won will be sourced from equity and mezzanine loans.
KB Kookmin Bank has been involved in the project as the lead financial arranger since 2020. The bank has been working with government agencies to develop a financial structure that promotes private investment projects and supports funding for large-scale infrastructure initiatives.
A representative from KB Kookmin Bank stated, "Despite the challenging market conditions with rising project and financing costs, we were able to successfully secure funding based on our accumulated arranging capabilities. We will continue to support infrastructure projects that contribute to national economic development as a leading bank in the infrastructure finance market."
* This article has been translated by AI.
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