This Standard Request for Proposals for Build-Transfer-Operate (BTO) Public-Private Partnership (PPP) Projects was developed and published by the Public and Private Infrastructure Investment Management Center (PIMAC) in March 2010. PIMAC also provides a Draft Standard Concession Agreement for Road BTO Projects on its website.
Related information:
The MRG system has been indeed a significant contributor to the promotion of the large-scale Build-Transfer-Operate (BTO) projects, but the system has its own structural problem that the private concessionaire might try to intentionally overestimate the traffic flow.
Related information:
Public-Private Partnership Infrastructure Projects: Case Studies from the Republic of Korea, Asian Development Bank (ADB), May 2011.
The two-volume report was prepared by the Korea Development Institute (KDI) and presents an in-depth assessment of the different components of public-private partnersip (PPP) framework of the Republic of Korea, including comparing and contrasting the success factors of the Korean PPP model with the experience of other countries through invited presentations on PPP frameworks and multisector case studies.
Private participation in infrastructure has taken two distinct forms in the developing world. The first model, applied primarily in Latin America, focuses on privatization of existing infrastructure assets. The second, applied largely in East Asia, focuses on retaining existing assets in the public sector but seeking private sector involvement to augment capacity through new greenfield investments.
KR. 2011. Basic Plan for Public Private Partnerships. Seoul: Korea Development Institute, PIMAC. [#4578]
KDIS. 2017. “KDI School of Public Policy and Management.” Seoul: Korea Development Institute. Website. [#4610]
Fitch. 2006a. “Outlook for Infrastructure Finance in Korea: Partnerships at work.” International Public Finance/Project Finance Special Report. New York: Fitch Ratings. [#4306]
The Republic of Korea has a long history of PPP. Its early experience consisted of individual legislation for specific projects. In 1994, the government began to formalize its process with the passing of the Act for the Promotion of Private Capital Investment in Social Overhead Capital, which provided the legal framework for the broader use of PPP. The legislation was revised in 1999 to produce the Act for Public-Private Partnerships in Infrastructure, which provided for the establishment of a PPP unit.
