Chapter 1 Introduction 01 Background 02 History of PPP Projects in Korea Chapter 2 Korea’s PPP Project System and Current Status 01 Types of PPP Projects 02 PPP Promotion Procedures 03 PPP Project Related Law and Policy 04 Current Status of PPP Projects Chapter 3 Issues and Improvement Efforts of Railway PPP Projects in Korea 01 Railway PPP Project Status and Issues 02 Railway PPP Project Issues 03 Improving Railway PPP Projects Chapter 4 The Impact and Implication of Korea’s Railway PPP Projects 01 Impact of Railway PPP Projects 02 Implications
The Republic of Korea has rich experience in implementing public–private partnership (PPP) projects for almost a decade. This experience provides valuable lessons for most developing member countries (DMCs) and that merits wider dissemination. This report prepared by the Korea Development Institute (KDI) presents an in-depth assessment of the different components of 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. This publication aims to support the efforts of DMCs engaged in the development of appropriate institutional PPP framework and regulatory reforms along with a well-defined and transparent financial assistance and risk-sharing framework, for facilitating private sector involvement through PPPs.
Chapter 1 Status of Korean Railway Technology Chapter 2 Strategy for Technology Transfer of Korean High-speed Railway 1. Necessity of Technology Transfer 2. Concept of Technology Transfer 3. Scope of Technology Transfer 4. Subject of Technology Transfer 5. Procedures for Technology Transfer 6. Results and Implications of Technology Transfer Chapter 3 Rolling Stock Technology Transfer 1. Before and After Contract Signing 2. Manufacturing, Delivery and Commissioning Phases 3. Technology Transfer Chapter 4 Construction and Civil Work 1. Railway-based Technology Before High-speed Railway Construction 2. Phased Approach to High-speed Railway Technology 3. Securing HSR Track Bed Design Technology 4. Supervision of Track Bed Construction 5. Conclusion Chapter 5 High-speed Railway Track 1. Background 2. Selection of Track Structure and Basic Design 3. Preparation of Construction Specification and Track Material Design 4. Inspection of Material Manufacturing & Production 5. Construction Experience 6. Verification of Completed Structures and Use of Tracks 7. Conclusion Chapter 6 Operation Technology 1. Overview 2. Training and Operation Support Program 3. Estimation of Manpower Required and Depot Completion 4. Commissioning of High-speed Rolling Stock 5. Final Pre-operation 6. Major Results Chapter 7 Conclusion and Implications
CHAPTER 1 Future Development of Railway Technologies 1. Trams during the Japanese Colonial Era 2. The Beginning of Korean Railways during the Japanese Colonial Era 3. Korean Railways after Liberation 4. The Korean War and Korean Railways CHAPTER 2 Railways during Industrial Development 1. Railway Development for Restoration and Economic Growth 2. Electric Locomotives 3. Korean Railways in the 1980s CHAPTER 3 Railways during Economic Growth 1. Discussion for High-Speed Railways 2. Introduction of Gyeongbu High Speed Railway 3. Changes from the Introduction of High-Speed Railway CHAPTER 4 Introduction of Advanced Railway Technologies 1. Introduction of the High-Speed Railway 2. Korean High-Speed Railways 3. Introduction of HSR and Technological Development CHAPTER 5 Development of the Subway 1. Seoul Metro Lines 1-4 2. SMRT Lines 5-8 3. Seoul Metro Line 9 4. Shinbundang Line CHAPTER 6 Future Development 1. HSR (KTX) Airport Connection 2. Silk Road Express (SRX) 3. Great Train eXpress (GTX)
Chapter 1 Urban Transport Chapter 2 Road Transport Chapter 3 Railway Transport Chapter 4 Logistics Chapter 5 Air Transport Chapter 6 Transport Technology Chapter 7 International Cooperation
Taking a global approach, this insightful Handbook brings together leading researchers to provide a comprehensive overview of the state-of-the-art in railway regulation with a particular focus on countries that rely heavily on railways for transportation links. The Handbook also considers the most pressing issues for those working in and with railway systems, and outlines future trends in the development of rail globally.
This book discusses the role of public-private partnerships (PPPs) in global transportation infrastructure. Seen as a way to provide vital services in an era of shrinking government budgets, public-private partnerships have become an increasingly important part of travel infrastructure worldwide. This book describes and analyzes the structure of various models of PPPs in various countries, evaluating their effectiveness, and drawing policy implications for future use. Written by leading international researchers and practitioners in the transportation field, each chapter is a case study on the adoption, implementation, and outcome of transportation services in different municipalities. Taken together, these diverse case studies provide an integrated framework for evaluating and using PPPs. Providing rigorous empirical analysis of PPPs in transportation, this volume will be of interest to researchers in public administration, political science, and economics as well as practitioners and policymakers involved in establishing and monitoring PPPs in transportation.
The Republic of Korea has rich experience in implementing PPP projects for almost a decade. This experience provides valuable lessons for most DMCs and that merits wider dissemination. The two-volume report prepared by the Korea Development Institute (KDI) presents an in-depth assessment of the different components of 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.This publication aims to support the efforts of DMCs engaged in the development of appropriate institutional PPP framework and regulatory reforms along with a well-defined and transparent financial assistance and risk-sharing framework, for facilitating private sector involvement through PPPs.
The past five years have raised some serious new challenges, capital surplus, a global pandemic, debt crises, and a global economic crisis. While the responses to these challenges are complex, the fundamentals remain the same. Infrastructure remains a moral and economic imperative, as well as a good investment. However, many governments that would like to increase their infrastructure investment have limited capital, with infrastructure facing stiff competition from alternative uses of public funds. Public-Private Partnerships (PPPs) are part of a fundamental, global shift in the role of government – from being the direct provider of public services to becoming the planner, facilitator, contract manager and/or regulator who ensures that local services are available, reliable, meet key quality standards, and are affordable for users and the economy. This rich and practical book, now in its fourth edition, shows how the private sector (through – PPPs) can provide more efficient procurement through cheaper, faster, and better quality; refocus infrastructure services on service delivery, consumer satisfaction and life cycle maintenance; and provide new sources of innovation, technological advances and investment, including through limited recourse debt (i.e., project financing). This book provides a practical guide to PPP in all the following ways and more: how governments can enable, encourage and manage PPP; financing of new and existing infrastructure; designing and implementing PPP contractual structures; and most importantly, how to balance PPP risk allocation in practice. Specific discussion of each infrastructure sector (including local government) is provided. Lawyers and business people, engineers, development specialists, banking and insurance professionals, and academics will all find this book a useful guide for planning, designing and implementing PPP projects and programmes.
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
