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Public-Private Partnerships System in Korea

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Frame of Image th, government can take PPP as a financial option to fill the infrastructure gap timely.  Efficiency Gain     Increase ‘Value for Money’ by utilizing efficiency of private sector Minimizing LCC (Life Cycle Costs) by integrating DBFO (Design-BuildFinancing-Operation) into a single contract Little possibility of cost and time overrun (Optimism Bias) Competition between public and private parties (e.g. national highway & public housing)  Quality Service   Private operators tend to be more responsive to preference of consumers A fraction of government payment is subtracted as a penalty when operators do not meet pre-specified output quality  Reform the Public Sector   Competition between public and private parties (market testing) Provide expertise and experience not readily available in public agencies 3 Expanded Fiscal Space by PPP B/C R/E 1.5 A B White bar = B/C; Shaded bar = R/E C D E E F G H I J K L M 1.0 0.5 Amount Govt Budget Infra Gap By implementing A and D thru PPP, government can allocate saved resources to E and F. 4 What is PPP?  Literature currently does not offer single definition, however widely agreed definition exists  The European Investment Bank “relationships formed between the private sector and public bodies often with the aim of introducing private sector resources and/or expertise in order to help provide and deliver public sector assets and services.”   The Asian Development Bank “arrangement where a private party delivers infrastructure s


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Title Public-Private Partnerships System in Korea
Similar Titles
Material Type Proceedings
Author(English)

Hyeon Park

Author(Korean)

박현

Date 2013
Event

Korea-Singapore Joint Training on Senior Executive

Event [Workshop] Korea-Singapore Joint Training on Senior Executive Program in Public Policy and Administrative Reform
[Workshop] 2016 Executive Training Program for the RCVPNAAM-Madhya Pradesh Government Officers (India)
Pages 50
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Direct Investment
Holding KDI School of Public Policy and Management
Venue Seoul, Korea
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