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Korea’s railway PPP (Public-private partnership) projects

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Title Korea’s railway PPP (Public-private partnership) projects
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Park, Jinyoung; Mun, Jinsu

Publisher

[Sejong]:The Korea Transport Institute

Date 2015
Project Development Cases
Series Title; No KOTI Knowledge Sharing Report / Issue 11
ISBN 978-89-5503-658-9
Pages 154
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < Transport/Logistics
Holding The Korea Transport Institute

Abstract

Domestic social overhead capital (SOC) investments were involved in Korea’s Land Development Plan of the 1960s and were expanded with national budgets, based on the 5-Year Economic Development Plan in 1970s; the beginning stage of economic development. Although SOC investments decreased in the 1980s, due to increases in other financial spendings, active investments in SOC have begun with organized SOC expansion conditions since the 1990s. In particular, the Act of Transport Infrastructure Special Account established in 1993, act as momentum to promote SOC investments. Public-private partnership (PPP) projects are a system to build and run various forms of infrastructure, including roads, railways, schools and sewerage systems which have traditionally been run by the government. (rest omitted)