• Title/Summary/Keyword: Build-Transfer-Lease(BTL)

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An option pricing-based model for evaluating privatized infrastructure projects (옵션기반모형을 활용한 민간 사회기반시설 프로젝트 평가 사례: 인천공항철도 민간투자사업)

  • Lee, Sun-Ju;Yoo, Shi-Yong
    • Proceedings of the KAIS Fall Conference
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    • 2009.12a
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    • pp.398-401
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    • 2009
  • 민간 주도형 사회간접자본 (social overhead capital :SOC) 사업은 BOT(build-operate-transfer)를 비롯하여 대상 프로젝트의 정부 정책 등의 여러 환경의 변경에 따라 다양하게 변형되어 적용되어 BTL(build-lease-transfer), BOO (build-own-operate)등의 여러 기법들을 사용된다. 민간 SOC 사업은 프로 젝트의 규모와 장기에 걸친 공사의 불확실성 때문에 프로젝트의 경제성 분석을 하는 것은 복잡하다. 일반적으로 사용하고 있는 현금흐름 할인모형(discount cash flow model; DCF)은 미래의 불확실성 변수들을 적절히 반영하지 못한다는 한계점을 가지고 있지만 현실적으로 많이 쓰이고 있는 방식이다. 본 논문은 옵션기반모형에 근거한, BOT-옵션가치평가(BOT-OV)모형을 국내 민간 SOC 사업의 경제성 분석을 위해 적용한다. BOT-OV모형을 적용하는 것이 기존 순현재가치(net present value; NPV)방식을 통하여 프로젝트 가치 평가 할 때보다 더 정밀한 경제적 타당성 평가를 할 수 있다는 것을 확인하여 기존의 NPV 평가방식의 방법을 대체할 수 있는 가능성을 확인하는데 의의가 있다고 할 수 있다.

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Comparison of infiltation rate for separate sewer system and combined sewer system in sewer maintenance areas (하수관로정비 지역의 분류식과 합류식 하수관로의 침입율 비교)

  • Gu, Gwangmo;Chu, Shaoxiong;Lim, Bongsu
    • Journal of Korean Society of Water and Wastewater
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    • v.34 no.3
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    • pp.191-200
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    • 2020
  • This study is to improve the efficiency of BTL (Build Transfer Lease) project operation by comparing the infiltration rate based on the data of 5 years of infiltration of the separate sewer system and combined sewer system. In the survey site, the separate sewer system area consists of eight flowmeters in seven treatment basins, and the combined sewer system area consists of eight flowmeters in five treatment basins. The infillration rate was analyzed by night-time domestic flow evaluation method, and the average infiltration rates of the separate sewer system and combined sewer system were 13% and 16%, respectively. Combined sewer system was about 1.3 times higher than the separate sewer system. The average BOD of separate sewer system was 233 mg/L, which was about 2.4 times higher than the combined sewer system was 107 mg/L. In the comparison of the average pipe diameter-length infiltration of separate sewer system and combined sewer system, the separate sewer system and the combined sewer system were about 0.150 ㎥/d/mm/km and about 0.109 ㎥/d/mm/km, respectively. The floating population in mixed residential and commercial areas has been identified as the cause. Therefore, we propose a method to calculate the infiltration rate in consideration of the margin ratio in the area where the night active population is concentrated.

Considering Performance Measurement and Life-Cycle Costs for Andong Culture & Art Center BTL Project (VE기법을 적용한 안동문화예술회관 민간투자사업의 성능개선 사례연구)

  • Kim, Seong-Il;Lee, Kwang-Mo;Choi, Seok-Won
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.1005-1010
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    • 2007
  • According to revision of Construction Technology Management Act (2005), the government ordering construction which cost is more than 10billion won should investigate the value engineering(VE) of a construction. In this sense, the government actively promote plans in 2008 after identifying the examining standards of the investigation on the VE(2007). It is substantial issue to introduce Pre-Qualification(PQ) in oder to restrain unlicensed VE consulting companies or VE consultants. This system will contribute to the quality and the settlement of the value engineering in our country. The reason why the Korea VE Society founded in 2006 is one of the afore-mentioned reasons. Therefore, we try to establish the value engineering of Build-Transfer-Lease Scheme by providing the practical application of construction value engineering and definite procedures through the example of Andong Culture and Art Center's research in one of the various construction fields.

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Cost Estimating method for the Public Office building at the early stage (공공건축물의 초기공사비 산정방법 연구)

  • Koo, Won-Yong;Kim, Jung-Gon;Lee, Jun-Seok;Park, Hyeong-Geun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.261-266
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    • 2007
  • In this research, we studied an estimating method in client's sight to estimate the total construction cost which is based on the historical cost data at the early stage of the office buildings as a public phase. It is very difficult to analyze the estimation accurately and logically. When a client estimates a project, he/she has to consider there are many issues at the planning step, according as office buildings become gradually diversified as well as their roles continuously extended. Therefore, those are usually make problems for wasting the budget in accordance with the cost estimation errors. Moreover, many kinds of public construction projects, especially such as school, office, sports complex, and the others, have been invested the private finances defined as BTL(Build Transfer Lease) method that are required to manage the detailed process more strictly from initial planning. In order to make an effective planning, the long-term users amount and the building life cycle at the beginning of project should be considered previously and then it may enable to achieve an appropriate project plan. But actually considering overall variables in a building planning is impossible. Accordingly, suggesting a regression model based on the historical cost data from many similar types of office building to support client's role known as estimating the total cost at the early stage. And then performing the test against the proposed model to research the reasonability as using the historical cost data of Japan office buildings.

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A Study on the Characteristics by Design Component Elements of the Facade in Elementary School Buildings in the 2000's (2000 년대 초등학교 교사 입면의 디자인 구성요소에 의한 특성 연구)

  • Seo, Hee-Sook
    • Korean Institute of Interior Design Journal
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    • v.19 no.5
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    • pp.38-47
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    • 2010
  • The purpose of this study is to examine the characteristics by design component elements of the facade in elementary school buildings after the 7th educational curriculum. This study choose twenty five elementary school as the subjects of the study. And among many elevations of building, an elevation that is alongside of the schoolyard is chosen because this elevation has the highest visual influence on passers-by. To begin with, this elevation is divided into the roof and the surface of a wall, The roof is divided into roof styles, existence of roof and materials. The surface of a wall is divided into design principles(balance, contrast, rhythm), the formal organization(basic elements and form, and transformation of form), the ornamental composition, materials and colors. The results of the research are summarized as follows: First of all, motifs of classical architecture were well expressed in this period and postmodern tendency had been shown until 2005. After Build Transfer Lease(BTL), however, tendency of classical architecture, contrast by the size of the form and base element by point disappeared. Instead, asymmetrical and flat tendency is expressed. Also, emphasized design of the building elevation appear by basic colors of Munsell, not motifs of classical architecture.

A Study on Application of Performance Warranty Contract to Building Construction (성능보증계약제도의 건축분야 적용 방안에 관한 연구)

  • Ko, Hyun;Kim, Kyung-Hwan;Lee, Youn-Sun;Kim, Jae-Jun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.687-690
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    • 2007
  • This study is a basic research on looking onto bringing performance warranty contract into the country, to consider the usage in architecture which it is usually used on road pavement in developed countries. The study will also apply performance warranty contracts on public private partnerships through examination and analysis of various matters which will lead to globalization of the korean architecture industry, the increase of quality of result, better convenience for the orderer, the decrease of cost, and the acceleration on research for technical development.

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A Comparative study on the ecological environment of Green Building Certified Schools (친환경건축물 인증 초·중등학교의 생태환경에 관한 비교연구)

  • Wang, Jeong-Joon;Seong, Soon-Taek;Kim, Byung-Seon
    • KIEAE Journal
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    • v.11 no.2
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    • pp.97-104
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    • 2011
  • Over the years, there have been many school construction projects resulting from the activation of the Build Transfer Lease(BTL). Furthermore, due to the need for the qualitative expansion of educational facilities, as well as the attempt to fulfill social requirements and the need for eco-friendly learning environments, these projects have become a major priority. As a result, the government has established a proper standard for school construction based on a certain level of green certification that has been mandated. The aim of this study is to assess the status of schools as relates to the composition of the ecological environment surrounding them. These elements of eco-friendly school facilities are larger than the educational environment and are directly related to the environmental and educational effects on the students. Looking at the overall results of this study, the areas of ecological environment outside school are found to be inadequate. Therefore, this field needs to adopt more realistic goals, and focus on the areas where the most improvement is needed.

Problems and Solutions of private university dormitory project with PFI (민간투자사업을 활용한 사립대 기숙사의 문제점 및 개선방안)

  • Kim, Jong-Soo;Song, Nak-Hyun;Lee, Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.471-474
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    • 2008
  • The range of PFI project has been expanded from Road facilities, Hobor facilities to Education facilities, Military residence facilities since 2005. Especially, The dormitory project that one of the most lucrative facilities among education facilities was progressing but it has many problems with introducing PFI project. This object of research is deriving problems by introducing PFI project and solving problems by consulting with experts. The results of research have had problems that increasing rental fee, difficulty of retrieving the investment and shortage of government supports. The solutions concerning the problems are using organization, introducing various programs and relieving regulation of government. This paper was made by consulting with experts and is expecting to use the basic data when comparing and analyzing the cases used PFI.

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A Case Study on the Successful Old-Town u-City Construction by an Effective Financing (효과적인 재원조달을 통한 구도시 u-City 구축사례연구)

  • Park, Kwang-Ho;Kim, Myung-Dong;Kim, Yun-Hyung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.35 no.3
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    • pp.192-203
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    • 2012
  • As a leading nation of ubiquitous technology, South Korea has been promoting u-City pilot projects throughout the country. According to 'Fundamental Construction Law of u-City,' u-City projects are classified into old-town and new-town types. However, most projects have focused only on the new-town type. Pushing forward large-scale land development projects, Korea Land and Housing Corporation (LH Co.) under Ministry of Land Transport and Maritime Affairs (MLTM) has gained a development profit out of the u-City infrastructure and then donated the infrastructure to a local government without making any plan for operations. In the process of u-City pilot projects, old-towns have been relatively ignored and various of unexpected problems have emerged. Building the u-City of an old-town is not easy due to many constraints such as huge initial investment, long validity and verification procedures, lack of useful services for citizens, lack of professional outsourcing methods for business promotion, high operating costs of the integrated control center, inadequate law related, insufficient institutional requirements and so on. This paper introduces a case study on u-City development for an old-town, Ansan City, as a private investment project. The case will help boost u-City projects for old-towns by solving their problems and providing an effective operational mechanism. As the first BTL (Build-Transfer-Lease) project for constructing u-City, 'Broadband Information Network Development Project' of Ansan City will provide a reference model of expanding u-City projects for other cities.

Maintenance Management System for School Buildings (학교시설물 유지관리 시스템 기능 제안)

  • Ahn, Sang-Hyun;Moon, Gi-Song;Yu, Jung-Ho;Kim, Chang-Duk
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.545-548
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    • 2007
  • The 10,876 school buildings(year 2006) including elementary, junior high and high schools have been operated and the number of school buildings will increase with BTL(Build Transfer Lease) projects. However, as population is expected to decrease rapidly with low birth rate, it needs to pay more attention to managing existing school buildings. The present maintenance and management system is not being operating with regular plans but with making repairs when if problem happens. Therefore, in this study I will propose a new maintenance and management system which will improve the process of maintenance and management works and reflect the needs of related officials in charge of with analyzing a present maintenance and management system through making research into documents and questionnaires. It enables to simplify maintenance and management work, to manage budget with transparency and to make better communication between each work so that it promotes efficiency of maintenance and management work.

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