• Korean Journal of Construction Engineering and Management
• /
• v.13 no.5
• /
• pp.53-63
• /
• 2012

Korean Public-Private Partnership, mainly implemented using BTO (Build-Transfer-Operate) and BTL (Build-Transfer-Lease) 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, in addition to the repeal of the Minimum Revenue Guarantee (MRG) program in 2009, changes in business environment including recent financial crisis aggravated financial situation in pursing PPPs, resulting in significant contraction of BTO projects. Therefore, the new methods are to be suggested and applied to overcome this situation. This paper seeks to find ways to apply "Mixed Model," characterized as the compound of BTO and BTL, two different implementation methods of PPPs, as an enhanced burden-sharing mechanism.

• Proceedings of the KSR Conference
• /
• 2004.10a
• /
• pp.965-970
• /
• 2004

The private investment on the SOC facilities is a worldwide tendency since it can supplement the insufficient investment of public finance in the construction of infrastructures. Alter the formulation of private investment law, private sector's investment on roads, harbors and environmental facilities are being progressed considerably. However, railway construction by private sector is not active comparing to the former areas because of huge investment for construction but relatively low and unpredictable benefit in operation. This paper reviews the financial, social and institutional aspects on the private investment for SOC projects, especially railway projects. Also, this paper tries to find the desirable way to expedite the private investment on railway project,. Conclusively, the paper propose that the private sector in railway projects is better constituted with financial investor and the private financing could be. activated and settled if a stable minimum benefit on their investment being ensured institutionally, for example, by BTL.

• Journal of the Economic Geographical Society of Korea
• /
• v.7 no.2
• /
• pp.329-343
• /
• 2004

The Social Overhead Capital contains roads, railroad system, airports, seaport, waterworks, electric power plants, and etc. This SOC is very important, not only as a national economic competitiveness factor, but also as a national security factor. For example, 'Freedom Express Way' works as a tool of psychological warfare to the North Korea, as well as an economics infrastructure. In spite of that, until now on, we have disregarded the SOC as a national security factor. Constructing the SOC, only considering economic cost, we have not fulfilled other purpose requirement like stable national security, balanced development. When we invest the money to construct the SOC, considering multi-purpose requirement like military purpose, economic purpose, social purpose and cultural purpose, as a whole national wide point of view, the scares national resources and government budgets will be saved.

• The Journal of the Institute of Internet, Broadcasting and Communication
• /
• v.15 no.3
• /
• pp.131-136
• /
• 2015

The feasibility study is an evaluation and analysis of the potential of a proposed project. It is based on extensive investigation and research to support the process of decision making. A systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints. Economic analysis takes into account the opportunity costs of resources employed and attempts to measure in monetary terms the private and social costs and benefits of a project to the community or economy. Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic approach to estimating the strengths and weaknesses of alternatives that satisfy transactions, activities or functional requirements for a business. It is a technique that is used to determine options that provide the best approach for the adoption and practice in terms of benefits in labor, time and cost savings etc. The CBA is also defined as a systematic process for calculating and comparing benefits and costs of a project, decision or government policy and projects.

• The Journal of the Korea institute of electronic communication sciences
• /
• v.10 no.8
• /
• pp.851-860
• /
• 2015

Transport Social Overhead Capital refers to public utilities necessary for a nation's basic economic activities, and is divided into roads, railway, subway, ports and so on. It is important to be able to provide these SOC in the right place at the right time to enhance productivity and competitiveness of a nation. In this study, correlation and factor analysis on countries' socioeconomic and transport indicators were performed in order to understand the need for expansion of SOCs including railway, and to identify the impact they have on national competitiveness(productivity). As a result, GDP showed high correlativity(0.59~0.99) with factors such as population, land area, extension of available railroad, and road extension. Specifically, through the analysis of Russia's urban transport system and comparison between socioeconomic indices and SOCs of OECD countries, it was examined that how increasing transport infrastructure investments could enhance national competitiveness. In conclusion, opening new Light Rail greatly affects the growth of GDP followed by the increasing extension of available railroad. Furthermore, if available railroad extension is increased by 10 % from 2014, assuming high speed tram is opened, GDP will likely increase by 21.6%.

• Korean Journal of Construction Engineering and Management
• /
• v.8 no.4
• /
• pp.73-80
• /
• 2007

As BTL(Build-Transfer-Lease) private investment business benchmarking PHI(Private Finance Initiative) of USA and Japan is introduces to Korea since 2005, as a part of supplying high leveled public service and early expanding required facilities for SOC, Value for Money on private investment business from treasury investment business at the beginning gets to be needed. Accordingly, this survey has been conducted in order to analyse BTL projects status, propriety of economic analysis method(VFM analysis, calculation of estimated business expenses, valuation of bidding price, etc.) by business advance phases from the viewpoint of person in charge, necessity of improvement and alternative plants. As the result of conducting cross tabulation analysis and correlation analysis by occupational group, BTL project advance phases and alternative plans for improvement, it is necessary ye prepare standardized service level against business expense and basis for calculating and evaluation operation expenses. Based on the necessity of quantitative analysis (LCC analysis) of VFM, standard for calculating management, maintenance and administration expenses is required. In addition, reliable economic valuation system considering domestic BTL environment should be setup, for business efficiency.

• Cement
• /
• s.201
• /
• pp.11-15
• /
• 2014

대한건설협회가 시멘트 레미콘 철강재 골재 등 주요 건설자재의 2014년도 수급전망을 발표했다. 이 자료에 따르면 정부의 SOC 예산감축에 따라 도로개설 등 토목투자가 감소하고, 공공주택공급 축소와 아파트 입주물량 증가에 따라 지방의 신규 주택공급 위축이 예상되는 등 건설수주가 다소 부진할 것으로 전망된다. 이에 따라 시멘트 수요가 4,300만톤으로 전년대비 3.2% 감소하고 레미콘 수요량도 1억2,970만$m^3$으로 전년대비 2.0% 감소하는 등 2014년 건설자재 소급은 전반적으로 하향 안정세를 보일 것으로 예상된다.

• Journal of the Korean Professional Engineers Association
• /
• v.38 no.1
• /
• pp.35-43
• /
• 2005

What are main contents of Balanced National Development Five Years Plan? We will study for contents and policies of the plan's six themes. Six themes of the plan are the drive strategy, the rearing of the worldwide progressive cluster, the local promotion in the strategic industry, the formation of the square national circulation road network, the consolidation of the metropolitan area and the independent drop-out region, and the fund and raising plan. And especially, we will study the details of the national land-structure network formation.

• 월간 기계설비
• /
• no.12 s.185
• /
• pp.31-44
• /
• 2005

12월 6일 현재 해외건설 수주가 100억불을 넘어섰다. 올들어 해외건설 수주가 활발해지는 현상은 건설업계의 새로운 돌파구 마련을 위한 청신호로 받아들일 수 있다. 우리 경제는 땅값과 집값의 급격한 상승으로 한바탕 홍역을 치르고 있는 상황이고 이에 대응해 정부는 부동산에 관한한 초강경 대책으로 일관하고 있다. 때문에 부동산경기는 얼어붙기 시작했고 건설경기가 급격히 냉각될 조짐을 보이고 있다. 여기에다 정부는 SOC(사회간접자본)투자보다는 복지부문 투자를 늘려 건설업체들의 입지는 더욱 좁아지고 있다. 경제성장에서 차지하는 건설산업의 비중을 감안할 때 건설업계가 침체의 늪으로 빠져 버리면 경제성장이 둔화될 수 밖에 없고 그런 만 큼 우리 경제는 선진국의 문턱에서 다시 좌절의 쓴 맛을 볼 수도 있다는 우려가 제기되고 있다. 그런데 중동을 비롯한 아시아 지역에서 해외건설경기가 붐이 일어나고 있다. 따라서 우리 설비건설업계도 건설경기 침체 타개책의 일환으로 해외공사에 눈을 돌려 볼 만하다. 다음은 해외건설경기 현황과 이에 따른 우리 회원사들의 해외건설 수주현황을 알아본다.

• Proceedings of the KSR Conference
• /
• 2008.06a
• /
• pp.1574-1586
• /
• 2008

Railway is the most effective transportation than any other traffic. But due to the its expensive maintenance fee and various components like roadbed, rail, rollingstock, electric and signal etc, the construction cost of the railway is usually higher than highway. Such a reason, a lot of cost and period are needed to complete the railway project. In addition that considering the decreasing of the SOC budget, the investment in the railway industry is getting hard than ever. This study analyzed the cost, term of work, freight & passenger transportation demand of the wide area railway electrification project and main line improvement project. And it compared the estimation value and real value of the projects like cost and period etc. And this study surveyed the economic feasibility including factors which are not considered in the feasibility study guide. With those results, This study suggest the project management and evaluation method to enlarge the efficiency of the railway construction project.