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Pathways to meet critical success factors for local PPPs : The cases of urban transport infrastructure in Korean cities

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  • Pathways to meet critical success factors for local PPPs
  • Bae, Yooil; Joo, Yu-Min
  • Elsevier Ltd


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Title Pathways to meet critical success factors for local PPPs
Similar Titles
Sub Title

The cases of urban transport infrastructure in Korean cities

Material Type Articles
Author(English)

Bae, Yooil; Joo, Yu-Min

Publisher

[Amsterdam, Netherlands]:Elsevier Ltd

Date 2014-10
Journal Title; Vol./Issue Cities:vol. 53
Pages 8
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic System
Territorial Development < Transport/Logistics
Holding Elsevier Ltd

Abstract

Public–Private Partnerships (PPPs) have been utilized extensively in both developed and developing countries to provide various public services and infrastructure. The literature points to many common critical success factors, including a mature financial market, transparent regulatory framework, advanced technology, and people's acceptance of new forms, but those can vary from country to country. South Korea's mature market capitalist system and strong regulatory framework have led to somewhat successful infrastructure provision through PPPs at the national level, but as our two cases of urban transportation in the Seoul Metropolitan Area indicate, local-level PPPs have demonstrated mixed results. (The rest omitted)