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Korea: Green Land Water Park

July 11, 2008 @ 10:27 am

SEEKING:  US$10 MILLION of which $7m in financing and $3m in equity investment.

The proposed development site (16,000 pyung)  is in the third largest city in Korea to be developed into a water park. A world leading water park design and developer in Canad is going to develop it as a turn-key. The Canadian company will provide all equipment and recreational facilities. Total cost: $26 million. Land was acquired while the Canadian developer will provide Canada Export-Import Bank funding for $11million, and domestic Korean bank for $7million loan, and domestic investment for $3million. Equity contribution: $5million plus land for $1.1million