@article{ART001698307},
author={Kim, Do-Il and Kang Dongseok and 김윤식 and Hyun Chang Taek},
title={Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2012},
volume={74},
pages={111-126},
doi={10.15793/kspr.2012.74..007}
TY - JOUR
AU - Kim, Do-Il
AU - Kang Dongseok
AU - 김윤식
AU - Hyun Chang Taek
TI - Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects
JO - The Korea Spatial Planning Review
PY - 2012
VL - 74
IS - null
PB - 국토연구원
SP - 111
EP - 126
SN - 1229-8638
AB - Korean Public-Private Partnership, mainly implemented using BTO and BTL methods, has contributed in increasing benefits of the people by providing the needed public services in a timely and efficient manner. It has also induced flexible national fiscal management. However, changes in business environment including recent financial crisis aggravated financial situation in pursing PPPs, resulting in significant contraction of BTO projects. Risks in Public-Private Partnership (PPP) is a variable which would cause the project circumstances to differ from those assumed when assessing the project cost and benefits. Those parties that are in the best position to manage and mitigate the risk should bear the risk, and well incentivized risk sharing mechanism would lead to the optimum Value for Money. This study provides recommendation for using a Soft Toll method, which seeks for an appropriate level of risk allocation between the parties and provides results of case application. The policy advice delivered through the study is expected to contribute in reinvigorating the stagnated Korean PPPs.
KW - PPP Project;Soft Toll Method;BTO;Shadow Toll;Value for Money
DO - 10.15793/kspr.2012.74..007
ER -
Kim, Do-Il, Kang Dongseok, 김윤식 and Hyun Chang Taek. (2012). Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects. The Korea Spatial Planning Review, 74, 111-126.
Kim, Do-Il, Kang Dongseok, 김윤식 and Hyun Chang Taek. 2012, "Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects", The Korea Spatial Planning Review, vol.74, pp.111-126. Available from: doi:10.15793/kspr.2012.74..007
Kim, Do-Il, Kang Dongseok, 김윤식, Hyun Chang Taek "Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects" The Korea Spatial Planning Review 74 pp.111-126 (2012) : 111.
Kim, Do-Il, Kang Dongseok, 김윤식, Hyun Chang Taek. Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects. 2012; 74 111-126. Available from: doi:10.15793/kspr.2012.74..007
Kim, Do-Il, Kang Dongseok, 김윤식 and Hyun Chang Taek. "Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects" The Korea Spatial Planning Review 74(2012) : 111-126.doi: 10.15793/kspr.2012.74..007
Kim, Do-Il; Kang Dongseok; 김윤식; Hyun Chang Taek. Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects. The Korea Spatial Planning Review, 74, 111-126. doi: 10.15793/kspr.2012.74..007
Kim, Do-Il; Kang Dongseok; 김윤식; Hyun Chang Taek. Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects. The Korea Spatial Planning Review. 2012; 74 111-126. doi: 10.15793/kspr.2012.74..007
Kim, Do-Il, Kang Dongseok, 김윤식, Hyun Chang Taek. Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects. 2012; 74 111-126. Available from: doi:10.15793/kspr.2012.74..007
Kim, Do-Il, Kang Dongseok, 김윤식 and Hyun Chang Taek. "Efficiency of Soft Toll Method(BTO+Shadow Toll) for Public-Private Partnership Projects" The Korea Spatial Planning Review 74(2012) : 111-126.doi: 10.15793/kspr.2012.74..007
