Baron Point principal, Kenneth R. Marks, Chief Financial Officer & Head of Merchant Banking, structured the US$ 1.5 billion Equity and Debt Financing and the US$ 1.5 Political / Default Risk Insurance provided by Ex-Im Bank and MITI. Mr. Marks also worked closely with Baron Point’s former General Counsel structuring the legal for the 14 jurisdictional landings and played an integral role in the local markets on the ground with the Engineering, Procurement, and Construction Management (“EPC”) of this landmark achievement.
It is the world’s first east-to-west cable system, and the first independent cable system to land in China, Thailand, Saudi Arabia, and Jordan. This project was considered the alpha technology project for the Kingdom of Thailand by Rama 9, the 9th King of Thailand and The Privy Council of Thailand.