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Public-private partnerships in Korea : Development, experiences & lessons

Related Document
Frame of Image troducing private sector resources and/or expertise in order to help provide and deliver public sector assets and services”: European Investment Bank § “Arrangement where a private party delivers infrastructure services under a concession agreement”: Asian Development Bank § “Agreement between the government and one or more private partners (which may include the operators and the financiers)”: OECD
3
Spectrum of Public and Private Participation
Where Where does accountability for public services delivery lie ?
100% 100%
Government Risk
Private Risk
0% Complete Government Production and Delivery Pu b lic Procurement PPP (P F I ) PPP (Concessions) Privatization
0%
Source: OECD, Public-Private Partnerships: In Pursuit of Risk Sharing and Value for Money, 2008.
4
Procurement Schemes: Comparison
BTO
BTL
Private Sector (SPC)
Grants Operational Rights Provides Services
Private Sector (SPC)
Grants Operational Rights/ Pays Government Payment
Provides Services
Pays User Fee
Transfers Ownership
Transfers Ownership
End-user
Government
End-user
Pays User Fee (If necessary)
Government
5
Procurement Schemes: Characteristics
BTO (Build-Transfer-Operate) Investment Recovery Project risk Return Examples User fees Construction subsidy (former) MRG Demand risk on concessionaire High risk, high return Roads, Seaports, Railways, etc. Both solicited and unsolicited projects In developing countries BTL (Build-Transfer-Lease) Lease payment (Fixed Revenue) Little demand risk on concessionaire Low ris


Full Text
Title Public-private partnerships in Korea
Similar Titles
Sub Title

Development, experiences & lessons

Material Type Proceedings
Author(English)

Lee, Jongyearn

Publisher

[Sejong]:Korea Development Institute

Date 2015-06
Pages 46
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Industry and Technology < General
Holding KDI; KDI School