QIA to acquire a 24.5% stake in Avrasya Tüneli from SK ecoplant for $160m.

Qatar Investment Authority, a sovereign wealth fund, agreed to acquire a 24.5% stake in Avrasya Tüneli, a road tunnel, from SK ecoplant, a Korean engineering and construction company, for $160m. "Construction companies have the advantage of being able to secure not only short-term construction profits but also long-term investment returns through financing and equity participation in PPP projects. Since its foray into the overseas infrastructure PPP market with Eurasia Tunnel, SK ecoplant has secured further projects in Turkey, the UK, Norway, and Kazakhstan," Jung-Sik Cho, SK ecoplant Head of Eco Solution Business Unit.