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PPP development in Korea

Related Document
Frame of Image ocurement system Intensive competition in PPP market
Korean government is still facing challenges that need to be resolved to move forward to a more advanced stage.
l
The system should continue to be improved in the direction of maximizing benefits and VFM of PPP projects for the government, private participants, and the public, while minimizing the downsides and risks.
Purposes of the presentation are to overview the current PPP system and share knowledge and experiences which Korea had during the development of the PPP implementation.
3
Part-02
Legal and Institutional Framework
Legal Framework (1/3)
PPP Act and its Enforcement Decree comprehensively regulate PPP projects, while the Basic Plans for PPP gives direction to government policy.
l
Implementation procedures, rights and obligations, risk sharing mechanism are clearly defined in the Act to effectively reduce potential business risks for private sector participants.
l
PPP Act Ø PPP Act Enforcement Decrees v Annual PPP Basic Plan
ü PPP Implementation Guidelines
The PPP Act is a special act that precedes other acts.
l
Exempts PPP projects from strict regulation in national property management
5
Legal Framework (2/3)
PPP Act and Enforcement Decree
l l l l l
Eligible facility types Procurement methods Procurement procedure PIMAC, Infrastructure Credit Guarantee Fund, Infrastructure Fund Government Support and risk sharing measures
Basic Plan for PPP
l l l l l
Policy directions Details on PPP project implementation procedu


Full Text
Title PPP development in Korea
Similar Titles
Project Category Capacity Building Workshops
Material Type Proceedings
Author(English)

Kim, Kangsoo

Publisher

[Sejong]:KDI School

Date 2015-09
Event

Capacity Building Program for Government Officials

Project Capacity Building Workshops
Pages 36
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format ppt
Subject Economy < General
Territorial Development < National Land Development
Holding KDI School