(2012) Modularization of Korea's development experience : public-private partnerships: lessons from Korea on institutional arrangements and performance

Kim, Jay-Hyung; Lee, Seung-yeon

2012 경제발전경험모듈화사업 : 한국의 민간투자사업: 제도적 정비 및 정책 성과로부터의 교훈

Kim, Jay-Hyung / Lee, Seung-yeon(Author)

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Issue Date: 2013

Publisher: KDI School of Public Policy and Management

Keywords: Economic Policy; Public investments

Contents: Summary

Chapter 1 Institutions of Korean Public-Private Partnerships

　1. Background in Chronology

　2. Legal Framework

　3. Organization of Decision Process

　4. Procurement Schemes

　5. Government Support

　6. Risk Sharing Mechanisms

　7. Concession Termination

　8. Public Private Partnership Project Dispute Mediation Committee

　9. Training and Education Program

Chapter 2 Trends of Public-Private Partnerships Projects

　1. Build-Transfer-Operate Projects

　2. Build-Transfer-Lease Projects

　3. Private Financing through Infrastructure Bond and Fund

　4. Selected Major Public-Private Partnership Projects in the Republic of Korea

Chapter 3 Performance of Public-Private Partnerships: Evidence of Efficiency Gains and Contribution to the National Economy

　1. Methodology

　2. Financial Analysis of Concession Agreement

　3. Analysis of Concession Agreement Clauses

　4. Wrap-up: Cost Savings and Efficiency Gain

　5. Public-Private-Partnership Contribution to Economic Growth

　6. Public-Private-Partnership Contribution to Social Welfare

　7. Public-Private-Partnership Contribution to Better Value for Money: Several Experiments

Chapter 4 Key Success Factors and Lessons Learned

　1. Demand for Better VFM through PPP after the Economic Crisis

　2. Leading Role of the Korean Finance Ministry

　3. A Unified Framework of PPP and Traditional Procurement

　4. Role of a Dedicated PPP Unit: PIMAC

　5. Providing Standard Guidelines and Manuals for the Analysis

　6. A Safeguard Limit for PPP Fiscal Commitment

　7. Tightening PPP Procurement and Implementation

Chapter 5 Concluding Remark: Is PPP a Good Route?

References