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민자철도사업 재구조화를 통한 재정지원 절감 및 효율화 방안 연구(Study on financial burden reduction and efficiency improvement for railway PPP projects through BTO-CC)
| Title |
민자철도사업 재구조화를 통한 재정지원 절감 및 효율화 방안 연구(Study on financial burden reduction and efficiency improvement for railway PPP projects through BTO-CC)
Similar Titles
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|---|---|
| Material Type | Reports |
| Author(Korean) |
김연규; 강지혜 |
| Publisher |
Goyang : 한국교통연구원 |
| Date | 2013-03 |
| Series Title; No | 수시연구 / 2013-03 |
| Pages | 108 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | Korean |
| File Type | Documents |
| Original Format | |
| Subject | Economy < Financial Policy Territorial Development < Transport/Logistics |
| Holding | 한국교통연구원 |
| License |  |
Abstract
Public Private Partnership (PPP) is introduced with the purpose of reducing the burden of public sector on social infrastructure construction by utilizing private sector's efficiency, creativity and funds. PPP has been implemented mainly through Build-Transfer-Operate (BTO) and Build-Transfer-Lease (BTL). BTO method contains minimum revenue guarantee (MRG) program which guarantees the private sector to gain a certain mutually agreed in concession agreements. This is because BTO projects’ actual revenue is far lower than the revenue initially forecasted in concession agreements. MRG program was repealed in 2009 but it still remains at PPP concession agreements concluded before 2009. It makes the government to make up the gap between actual revenues and forecasted revenues stated in concession agreements. Moreover fare should rise in line with the inflation rate that is determined by the terms and conditions of concession agreements but practically it is hard to be realized. (The rest omitted)
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