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Korea's Case (Transport infrastructure development and financing)

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Frame of Image licy and Management
Asia-Pacific Finance and Development Center, The World Bank; KDI School of Public Policy and Management; Institute of Financial Training, Vietnam Ministry of Finance; and Tokyo Development Learning Center
CONTENT
I. Introduction: Transport Infrastructure II. Korean Experience: Failed Projects III. Summary
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Introduction: Transport Infrastructure
l Directly affecting economic activities l Affecting land use and social interactions l Necessary for a country to be competitive in world markets
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Transport Infrastructure for Economy l Transport Infrastructure contributes to economy: - by increasing productivity; and - by providing amenities (the quality of life). l Contributions of transport infrastructure derive not from the existence or creation of the physical facilities but from their operation and the value of the services generated l Transport Infrastructure services benefit households by providing for economic welfare(access to jobs, health, education etc.)
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CONTENT
II. Korean Experience of Failed PPP Projects
- Urban LRT Systems - PPP (BTL) Highways
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Failed Transport Infrastructure Projects • In 1994, PPP projects were introduced in Korea to reduce government’s capital budget, to improve efficiency, to induce capital and creativity from private sector. • Since 1995, Korean government achieved about US$ 67 billion worth of contracts with private sector and executed US$34.4 billion value of projects. • However, despite higher priced toll for private sec


Full Text
Title Korea's Case (Transport infrastructure development and financing)
Similar Titles
Project Category Capacity Building Workshops
Material Type Proceedings
Author(English)

Oh, Byungho

Author(Korean)

오병호

Date 2012
Event

Improving the Investment Environment

Project Capacity Building Workshops
Pages 24
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy
Territorial Development < Transport/Logistics
Holding KDI School of Public Policy and Management
Recipient Country China(Asia and Pacific)
Indonesia(Asia and Pacific)
Sri Lanka(Asia and Pacific)
Mongolia(Asia and Pacific)
Nepal(Asia and Pacific)
Papua New Guinea(Asia and Pacific)
Vietnam(Asia and Pacific)
Donor Country Japan(Asia and Pacific)
South Korea(Asia and Pacific)