@article{ART001060841},
author={주재홍},
title={A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2007},
volume={53},
pages={241-258},
doi={10.15793/kspr.2007.53..014}
TY - JOUR
AU - 주재홍
TI - A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme
JO - The Korea Spatial Planning Review
PY - 2007
VL - 53
IS - null
PB - 국토연구원
SP - 241
EP - 258
SN - 1229-8638
AB - Since 2005 Korean government has promoted and implemented BTL(Build-Transfer-Lease) program, where private sector constructs and operates infrastructure facilities at its own expense, gets its return on investment by leasing the facilities to the government. Unlike BTO program which focuses on roads, seaports, railway and environmental facilities, BTL program focuses on educational, military housing, welfare and cultural facilities. This BTL program is similar to UK’s PFI(Private Finance Initiative) programme and it is safe to say that Korea borrowed, improved and implemented what UK offered as PFI programme as BTL program.
This study is about UK’s PFI programme and its success. Information(regarding UK’s PFI programme) was collected through various sources, such as literatures, papers, and actual interviews with PFI experts in UK. UK’s PFI programme has been highly praised and valued by users and local residents for their excellent services. The success of UK’s PFI was possible due to several factors : the long-term contract between private sector and government, user oriented output specification and payment mechanism. Also harmonious partnership between government and private sector in PFI resulted in better service and increased efficiency.
In order to increase user satisfaction, all parties(government, private sector, and users) involved in PFI put tremendous efforts on all phases of projects; designing, implementing, construction, operating and user satisfaction surveys. This is what we can call as a “true partnership” and we should focus on these factors and lessons from UK’s cases when implementing and operating Korea’s BTL program.
KW - BTL(Build-Transfer-Lease);PFI(Private Finance Initiative);PPI(Private Participation in Infrastructure)
DO - 10.15793/kspr.2007.53..014
ER -
주재홍. (2007). A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme. The Korea Spatial Planning Review, 53, 241-258.
주재홍. 2007, "A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme", The Korea Spatial Planning Review, vol.53, pp.241-258. Available from: doi:10.15793/kspr.2007.53..014
주재홍 "A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme" The Korea Spatial Planning Review 53 pp.241-258 (2007) : 241.
주재홍. A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme. 2007; 53 241-258. Available from: doi:10.15793/kspr.2007.53..014
주재홍. "A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme" The Korea Spatial Planning Review 53(2007) : 241-258.doi: 10.15793/kspr.2007.53..014
주재홍. A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme. The Korea Spatial Planning Review, 53, 241-258. doi: 10.15793/kspr.2007.53..014
주재홍. A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme. The Korea Spatial Planning Review. 2007; 53 241-258. doi: 10.15793/kspr.2007.53..014
주재홍. A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme. 2007; 53 241-258. Available from: doi:10.15793/kspr.2007.53..014
주재홍. "A Study on the UK’s PFI System andthe Improvement of Korean BTL Programme" The Korea Spatial Planning Review 53(2007) : 241-258.doi: 10.15793/kspr.2007.53..014
