Yongho Rail and Resort, South Korea - YONGHO

Public transportation made in wood, floating on magnet fields without power combined with a spectacular seaside development on land made available through the Urban Transit Law. The project has passed several iterations using internal funds and work with a total project value of 600 M whereof approximately 200 M will be sought under government insured export credit guarantees and at least 400 M will be provided by the 600 condominium sales proceeds during the 3 year construction period. The project also includes a 120 room 4-star hotel and 14000 m2 of prime retail space located along 1000 m of recreational board walks. The rail system is incorporating several technologies, each one proven elsewhere, but not in this configuration. The development features provide the world's most competitive public transportation when compared to subway solutions. We are currently working with the project city for construction approval, a major engineering company is engaged in order to get binding construction cost. We are now asking for help with funding of 5 M for the remaining work to construction approval.
USD Year 1 Year 2 Year 3 Year 4 Year 5
Turnover
26
28
29
30
30
EBITDA
18
20
22
22
23
%
69
72
74
74
75
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