This study mainly aims at analyzing the system of private participation for urban infrastructure and developing the new system for elevating the effectiveness of private participation. After reviewing the possible private participation for urban infrastructure development, recommendations are prepared. In order to figure out the investment environments and make concrete conclusions we used interview survey for the related specialists.
Also, we draw the urban infrastructure provision cost disparity index using public goods theory. Besides fiscal capability of city, the effects of socio-economic and environmental factors for urban infrastructure provision are analyzed.
Various alternatives for private participation are considered and suggested. Generally, direct private participation is preferred and prioritized. Private investors, in theory, supposed to take risks. However, they do not want to take any risks that might endanger their future. Consequently, the decision process in private participation is delayed because of gap between risk assessments of projects. Therefore, new approaches or alternatives should include this kind of concept and satisfy private investors and final demander, citizen. New alternatives are evaluated for the private investor participation possibility using risk sharing, cost recovery. Also various simulation results indicate the possibility of private capital participation for urban infrastructure. Under the IMF- led tight monetary situation, feasible solutions for infrastructure development are inducement of foreign investment as well as domestic private capital. Private capital inducement policy should be moved toward increasing efficiency and balancing between welfare of people and profit of project company.
- 도시 인프라개발과 민간참여 방안(Private participation and investment in urban infrastructure development)
도시 인프라개발과 민간참여 방안(Private participation and investment in urban infrastructure development)
[세종, 한국] : 국토개발연구원
|Series Title; No||국토연 / 98-15|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Territorial Development < National Land Development|