This presentation by Kangsoo KIM was made at the 7th Meeting on Public-Private Partnerships held on 17-18 February 2014. Find more information at http://www.oecd.org/gov/budgeting/ppp.htm
Place of Power Sector in Public-Private Partnership: A Veritable Tool to Prom...IJMERJOURNAL
ABSTRACT: Public Private Partnership involves private sector engagement in infrastructural development. Though in the past, the country infrastructure had been experiencing a decline in the system, this is because, government had been the sole contributor to infrastructural finance and had often taken responsibility for implementation, operations and maintenance as well. This decline in the system is caused by escalating population growth depending on available infrastructure, decaying of existing power infrastructure, political instability and corruption in the system. The ongoing reform is about bringing the system to a lime light. Hence, Public Private Partnership participation in the infrastructural development in Nigeria, will create favorable environment for an investors, provide job opportunities, long time policy, decision making and efficient use of the available resources. This paper therefore dwells on overview of the public private partnership with regards to energy and other infrastructural development of Nigeria. Challenges of the partnership and possible solutions towards subduing the problems are proffered.
Critical review of the legal and institutional framework on public private pa...NSEAkure
Critical review of the legal and institutional framework on public private partnership (ppp) in nigeria by mr Augustine Alegeh, #sunshine2015 @ thedome NSE conference in #thedome in Akure Ondostate #Nigeria
Ppp case study in nigeria second niger bridge (world bank ppp mooc final pr...toju_philip
Over the years, infrastructure projects in Nigeria have been financed majorly by the Federal Government, with attendant responsibilities for operation and maintenance. In recent times however, competing priorities coupled with steady population growth has strained the amount of capital allocation by the Government available for infrastructure development. In order to meet its infrastructure needs and to catch up with developing countries in other parts of the world, this presentation identifies and proposes Public-Private Partnership (PPP) as an appropriate platform for funding infrastructure projects which would ordinarily have been funded through federal allocation using the proposed Second River Niger as a case study.
Place of Power Sector in Public-Private Partnership: A Veritable Tool to Prom...IJMERJOURNAL
ABSTRACT: Public Private Partnership involves private sector engagement in infrastructural development. Though in the past, the country infrastructure had been experiencing a decline in the system, this is because, government had been the sole contributor to infrastructural finance and had often taken responsibility for implementation, operations and maintenance as well. This decline in the system is caused by escalating population growth depending on available infrastructure, decaying of existing power infrastructure, political instability and corruption in the system. The ongoing reform is about bringing the system to a lime light. Hence, Public Private Partnership participation in the infrastructural development in Nigeria, will create favorable environment for an investors, provide job opportunities, long time policy, decision making and efficient use of the available resources. This paper therefore dwells on overview of the public private partnership with regards to energy and other infrastructural development of Nigeria. Challenges of the partnership and possible solutions towards subduing the problems are proffered.
Critical review of the legal and institutional framework on public private pa...NSEAkure
Critical review of the legal and institutional framework on public private partnership (ppp) in nigeria by mr Augustine Alegeh, #sunshine2015 @ thedome NSE conference in #thedome in Akure Ondostate #Nigeria
Ppp case study in nigeria second niger bridge (world bank ppp mooc final pr...toju_philip
Over the years, infrastructure projects in Nigeria have been financed majorly by the Federal Government, with attendant responsibilities for operation and maintenance. In recent times however, competing priorities coupled with steady population growth has strained the amount of capital allocation by the Government available for infrastructure development. In order to meet its infrastructure needs and to catch up with developing countries in other parts of the world, this presentation identifies and proposes Public-Private Partnership (PPP) as an appropriate platform for funding infrastructure projects which would ordinarily have been funded through federal allocation using the proposed Second River Niger as a case study.
This presentation was made by Nurlan Shokbarbayev, Kazakhstan, at the 12th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials, held in Paris on 16 April 2019.
A public–private partnership (PPP) is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies
The PPP projects are good as it do not put financial implications on union and states and creating better infrastructural facilities to the people
US India Infrastructure And Energy Opportunities - IMaCS Virtus ReportIVG Partners
By adopting an international competitive bidding process, allowing external commercial borrowings, and facilitating statutory clearances the government of India has opened up opportunities in the infrastructure and energy sector as never seen before. This presents a compelling opportunity for US project developers, infrastructure and power equipment companies as well as financial investors.
The presentation elucidates the study aimed at exploring the need of PPP model in India, with respect to capacities and capabilities of municipal governments to handle finance and governance of large scale urban infrastructure projects.
Lawyer in Vietnam Dr. Oliver Massmann - VIETNAM - INFRASTRUCTURE CRITERIA FOR...Dr. Oliver Massmann
Lawyer in Vietnam Dr. Oliver Massmann - VIETNAM - INFRASTRUCTURE CRITERIA FOR SUSTAINABLE INFRASTRUCTURE DEVELOPMENT AND RAPID GROWTH - HOW THE CPTPP AND THE EUVN FREE TRADE AGREEMENT AND INVESTMENT PROTECTION AGREEMENT CAN CONTRIBUTE
Part one of investigation into Public Private Partnerships and the potential scope and role for their application to development interventions in the Caribbean- presented as a webinar for the PMI (c) International Development Community of Practise (IDCoP)
There seems to be an 8 Years cycle for PPP’s in Developing Countries which can be extrapolated with caution to other World Regions. The world investments in PPP peaked in Year 2008, thus, we could in 2012 be at the cycle bottom with the next 4-5 exhibiting a strong drive towards PPP investments. The presentation addresses the Middle East / MENA convergence in PPP’s highlighting the various challenges in regards to infrastructure development, socio-economy development and as well as PPP pipeline projects update in the region.
This ppt was prepared for educational purpose, and to teach about PUBLIC PRIVATE PARTNERSHIP scheme and their models for using this scheme. Many projects now days are using this method with help of gov. parties or private parties. This methods helps in decreasing load on construction and infrastructure, and road development load from government, as they are not participating in finance of project but let the construction firm, construct the project and run by their names to recover their cost and profit for predetermined time period and on predetermined rate of recovery, either by tolling system or annuity system.
The National Treasury, PPP Unit Health Infrastructure Development and Servi...Emmanuel Mosoti Machani
The National Treasury's PPP Unit's Mr. Wycliffe Ondieki presented on health infrastructure financing gaps, crowding-in finance for health sector PPPs and support for both private and public sector actors in PPPs.
This presentation was made by Nurlan Shokbarbayev, Kazakhstan, at the 12th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials, held in Paris on 16 April 2019.
A public–private partnership (PPP) is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies
The PPP projects are good as it do not put financial implications on union and states and creating better infrastructural facilities to the people
US India Infrastructure And Energy Opportunities - IMaCS Virtus ReportIVG Partners
By adopting an international competitive bidding process, allowing external commercial borrowings, and facilitating statutory clearances the government of India has opened up opportunities in the infrastructure and energy sector as never seen before. This presents a compelling opportunity for US project developers, infrastructure and power equipment companies as well as financial investors.
The presentation elucidates the study aimed at exploring the need of PPP model in India, with respect to capacities and capabilities of municipal governments to handle finance and governance of large scale urban infrastructure projects.
Lawyer in Vietnam Dr. Oliver Massmann - VIETNAM - INFRASTRUCTURE CRITERIA FOR...Dr. Oliver Massmann
Lawyer in Vietnam Dr. Oliver Massmann - VIETNAM - INFRASTRUCTURE CRITERIA FOR SUSTAINABLE INFRASTRUCTURE DEVELOPMENT AND RAPID GROWTH - HOW THE CPTPP AND THE EUVN FREE TRADE AGREEMENT AND INVESTMENT PROTECTION AGREEMENT CAN CONTRIBUTE
Part one of investigation into Public Private Partnerships and the potential scope and role for their application to development interventions in the Caribbean- presented as a webinar for the PMI (c) International Development Community of Practise (IDCoP)
There seems to be an 8 Years cycle for PPP’s in Developing Countries which can be extrapolated with caution to other World Regions. The world investments in PPP peaked in Year 2008, thus, we could in 2012 be at the cycle bottom with the next 4-5 exhibiting a strong drive towards PPP investments. The presentation addresses the Middle East / MENA convergence in PPP’s highlighting the various challenges in regards to infrastructure development, socio-economy development and as well as PPP pipeline projects update in the region.
This ppt was prepared for educational purpose, and to teach about PUBLIC PRIVATE PARTNERSHIP scheme and their models for using this scheme. Many projects now days are using this method with help of gov. parties or private parties. This methods helps in decreasing load on construction and infrastructure, and road development load from government, as they are not participating in finance of project but let the construction firm, construct the project and run by their names to recover their cost and profit for predetermined time period and on predetermined rate of recovery, either by tolling system or annuity system.
The National Treasury, PPP Unit Health Infrastructure Development and Servi...Emmanuel Mosoti Machani
The National Treasury's PPP Unit's Mr. Wycliffe Ondieki presented on health infrastructure financing gaps, crowding-in finance for health sector PPPs and support for both private and public sector actors in PPPs.
PPP developments in Korea - Youngsob Yoo & Hojun Lee, KoreaOECD Governance
This presentation was made by Youngsob Yoo & Hojun Lee, Korea, at the 8th meeting of Senior Public-Private Partnerships and Infrastructure Officials held in Paris on 23-24 March 2015.
Decoding Changes in the PPP Regulatory Regime.pdfAHRP Law Firm
Recently, the Minister of National Development Planning revoked the longstanding Minister of National Development Planning Regulation Number 4 of 2015 on the Mechanism for the Implementation of PPP Scheme for Infrastructure Procurement, as amended by Minister of National Development Planning Regulation Number 2 of 2020. This change stems from the issuance of Minister of National Development Planning Regulation Number 7 of 2023 on the Mechanism for the Implementation of PPP Scheme.
Notable changes include: (i) an amendment to the scope of infrastructure that could be procured through PPP; (ii) simplification of PPP stages; (iii) introduction of requirements for the conversion of PPP initiatives; (iv) simplification of the institutional aspect of PPP; and (v) the introduction of a small-scale PPP scheme
The paper on real estate development is based on cost analysis and revenue generation of United World Trade Centre, Tripureshwor under land-lease agreement with T.U., Nepal
Public- Private Partnership (Ppp) As Catalyst for Sustainable Infrasstructura...inventionjournals
ABSTRACT: This research presents a microeconomic outlook on the benefits of a strong infrastructure base to the Nigerian economy as evident in some states in Nigeria. The overall objective is to highlights the importance of infrastructure development to economic growth and the need for government to take more strategic approach to tackling its dearth in Nigeria. It provides an informed perceptive on economic impact on infrastructure development has on nation building. Special focus is given to the strategic position the Construction industry takes in bridging the gap between - a state of underdevelopment (economic-anorexia) and economic prosperity. A look at strategic procurement options through the use of Public Private Partnerships (PPP) as a viable alternative to Traditional procurement is also discussed.
Summary of the OECD expert meeting: Construction Risk Management in Infrastru...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Using AI led assurance to deliver projects on time and on budget - D. Amratia...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, Stockholm (SE)OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Building Client Capability to Deliver Megaprojects - J. Denicol, professor at...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Procurement strategy in major infrastructure: The AS-IS and STEPS - D. Makovš...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Procurement of major infrastructure projects 2017-22 - B. Hasselgren, Senior ...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
ECI Dutch Experience - A. Chao, Partner, Bird&Bird & J. de Koning, Head of Co...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
ECI in Sweden - A. Kadefors, KTH Royal Institute of Technology, StockholmOECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
EPEC's perception of market developments - E. Farquharson, Principal Adviser,...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Geographical scope of the lines in Design and Build - B.Dupuis, Executive Dir...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Executive Agency of the Dutch Ministry of Infrastructure and Water Management...OECD Governance
Presented at the OECD expert meeting "Construction Risk Management in Infrastructure Procurement: The Loss of Appetite for Fixed-Price Contracts", held on 17 May 2023 at the OECD, Paris and online.
Presentation of OECD Government at a Glance 2023OECD Governance
Paris, 30 June, 2023
Presentation by Elsa Pilichowski, Director for Public Governance, OECD.
The 2023 edition of Government at a Glance provides a comprehensive overview of public governance and public administration practices in OECD Member and partner countries. It includes indicators on trust in public institutions and satisfaction with public services, as well as evidence on good governance practices in areas such as the policy cycle, budgeting, procurement, infrastructure planning and delivery, regulatory governance, digital government and open government data. Finally, it provides information on what resources public institutions use and how they are managed, including public finances, public employment, and human resources management. Government at a Glance allows for cross-country comparisons and helps identify trends, best practices, and areas for improvement in the public sector.
See: https://www.oecd.org/publication/government-at-a-glance/2023/
The Protection and Promotion of Civic Space: Strengthening Alignment with Int...OECD Governance
Infographics from the OECD report "The Protection and Promotion of Civic Space Strengthening Alignment with International Standards and Guidance".
See: https://www.oecd.org/gov/the-protection-and-promotion-of-civic-space-d234e975-en.htm
OECD Publication "Building Financial Resilience
to Climate Impacts. A Framework for Governments to manage the risks of Losses and Damages.
Governments are facing significant climate-related risks from the expected increase in frequency and intensity of cyclones, floods, fires, and other climate-related extreme events. The report Building Financial Resilience to Climate Impacts: A Framework for Governments to Manage the Risks of Losses and Damages provides a strategic framework to help governments, particularly those in emerging market and developing economies, strengthen their capacity to manage the financial implications of climate-related risks. Published in December 2022.
OECD presentation "Strengthening climate and environmental considerations in infrastructure and budget appraisal tools"
by Margaux Lelong and Ana Maria Ruiz during the 9th Meeting of the OECD Paris Collaborative on Green Budgeting held on 17 and 18 of April 2023 in Paris.
OECD presentation "Building Financial Resilience to Climate Impacts. A Framework to Manage the Risks of Losses and Damages" by Andrew Blazey, Stéphane Jacobzone and Titouan Chassagne. Presented during the 9th Meeting of the OECD Paris Collaborative on Green Budgeting held on 17 and 18 of April 2023 in Paris
OECD Presentation "Financial reporting, sustainability information and assurance" by Peter Welch during the 5th Session during the 9th Meeting of the OECD Paris Collaborative on Green Budgeting held on 17 and 18 of April 2023 in Paris
Presentation "Developments in sovereign green bond markets" by Ms. Fatos Koc during the 4th Session of 9th Meeting of the OECD Paris Collaborative on Green Budgeting held on 17 and 18 of April 2023 in Paris.
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
Do Linguistics Still Matter in the Age of Large Language Models.pptx
OECD, 7th Meeting on Public-Private Partnerships - Kangsoo KIM
1. Developing PPP
- Where to begin ? -
Kangsoo Kim
Executive Director
Public and Private Infrastructure Investment M anagement
Center (PIM AC)
7 th Annual meeting of senior PPP
officials
OECD Conference center, Paris
February 2014
2. PPP Track Record of Korea
The infrastructure investment of Korea through PPP dramatically increased from
1999 to 2007, since then the trend has been stabilized
Number
bil USD
(*) All the figures are contract basis and thus real investment balance may be different
2
3. Social consensus on ‘user- pay principle’ and ‘PPP’
Since the ‘Toll Road Act’ was legislated in 1963, major backbones(* ) were built
under ‘user- pay principle’, which concept became familiar to local drivers
And, the ‘Asian Financial Crisis in late 90s initiated a social consensus on the
needs for inviting private capital into public infrastructure (PPP)
Toll Road by Ownership
Km
(* ) ‘The First H an Riverside Road’ was completed in 1967 as the first toll road, and since then, other major turnpikes
such as Kyung- In, Kyung- Bu, H oN am Express Ways were constructed
3
4. What happened during the late 90s in Korea?
M ost of the PPP prerequisites are equipped in late 90s, since then Korea saw a
rapid increase in PPP
PICKO was established (‘99)
PIMAC was found in merge of
PICKO & PIMA (‘05)
PPP u n i t
Korea Credit Guarantee Fund for
PPP was established (‘94)
Fi n an c i al m ar k et
KDB’s PF
commencement (‘95)
MRG support
Enactment (‘94):
‘The Act on Promotion of
Private Capital into Social
Overhead Capital Investment’
Ri s k Sh ar i n g
Revision (‘99):
‘The Act on Public-Private
Partnerships in Infrastructure’
L eg al Fo u n d at i o n s
4
5. Legal Foundation (1)
The PPP Act has undergone 2 important revisions since enactment in 1994
In overall, the direction is to facilitate the procurement process, to promote private participation,
and to improve transparency and VFM
Through revision of the PPP Act in 2005 the focus of PPP implementation which had mainly been
on transportation infrastructure shifted to include social infrastructure
Enactment
Aug. 1994
The Act on Promotion of
Private Capital into Social
Overhead Capital Investment
In tro d u ctio n
of PPP leg al fram ew o rk
Revision
Amendment
Jan. 1999
The Act on Public-Private
Partnerships in Infrastructure
Jan. 2005
The Act on Public-Private
Partnerships in Infrastructure
Go vern m en t
su p p o rt m easu res
sh arin g m ech an ism (Min im u m
Reven u e Gu aran tee)
Un so licited p ro p o sals allo w ed
Risk
In tro d u ctio n of BTL m eth o d
(ed u cation facilities, m ilitary resid ences,
en viro n m ental facilities, etc.)
Bro ad en ran g e o f PPP p ro ject facility
typ es
5
6. Legal Foundation (2)
The PPP Act and its Enforcement Decree comprehensively regulate PPP projects, while
the Basic Plans for PPP gives direction to government policy
Implementation procedures, rights and obligations, risk sharing mechanism are clearly defined
in the Act to effectively reduce potential business risks for private sector participants
The ‘PPP Act’ precedes other Acts, exempting PPP projects from other regulations, and thus
provided basis for PPP development
Hierarchy of PPP legal and administrative framew ork
1. PPP Act
2. Enforcement Decree on PPP Act
3. Basic Plans for PPP
4. Implementation Guidelines
6
7. Risk Sharing Scheme
“ Proper risk sharing” and “ Government supports” are the integral parts for PPP facilitation
Risk sharing items
Construction period
Operation period
Financial viability
Construction subsidy
-
Investment risk
-
N ew investment risk
sharing scheme (* )
Tax
-
Tax exemption
Termination
Land
Funding
Termination payment
Land acquisition work by
government agent
Free use of
state owned land
Infrastructure credit guarantee fund
(* ) Introduced in substitution for M RG(M inimum Revenue Guarantee), and eligible for only solicited BTO project
7
8. Financial M arket(1) – Korea Development Bank
Korea Development Bank (KDB) pioneered project financing in PPP at the early stage to unpin
financial market as a quasi- government financial agent
KDB made the first PF underwritings in local market : ‘E- Wha- Ryong Tunnel’(N ov. 95) and ‘InCheon N ew Airport highway’ (Dec. 95)
Local commercial investment banks and investment funds began to join PPP after observing initial
success of KDB, resulting in long- term financial market development
(Source : KDB Annual Report)
8
9. Financial M arket(2) - Korea Credit Guarantee Fund
Korea Credit Guarantee Fund played a critical role in financial market to make project financing
viable for PPP
Guarantee : PF Loans to concessionaire for project expenses, and Infrastructure Bonds issued pursuant to
the Act on PPP
Up to 300 mil USD for single project
M aximum premium : 1.5% per annum (Currently 0.5% in average)
(Source : KO DIT homepage)
9
10. Professional PPP Unit - PIM AC
PIM AC is responsible for comprehensive and systematic management of both traditional public
investment and PPPs
PICKO (Private Infrastructure Investment Center of Korea) was found in 1999
PIM AC was Established as a merger of PIM A and PICKO in 2005
Areas of Expertise
Head
Economics
23
Finance/ Business/ Accounting
15
Law
5
Transport
14
Engineering
(civil, architecture, environment,
etc.)
14
International cooperation
4
Others
(urban planning, real estate, etc)
12
Total
87
(87 staff members in 3 divisions)
10
11. Integration of PIM (Public Investment M anagement) and PPP
Integrated budgeting process for PIM and PPP was needed to achieve not only consistency in
project assessment but also efficiency in human resource management
PIM AC was Established as a merger of PIM A (which covered Public Investment M anagement) and
PICKO (which managed PPP), and thus integrated both functions into one institute
The PICKO was under M inistry of Land and Transportation, but PIM AC is currently independent think
tank which works closely with budgetary function (M inistry of Strategy and Finance)
Initial PPP projects (under the ‘Act on Promotion of Private Capital into Social Overhead Capital
Investment’) were managed sporadically by each line ministries, but currently all PPP projects are
managed by M inistry of Finance and Strategy within whole budget management process
Integration of PPP into whole budget management/ planning process
Each line ministries &
Municipal governments
Ministry of Finance and
Strategy
The Act on Promotion of
Private Capital into Social
Overhead Capital Investment
The Act on Public- Private
Partnerships in Infrastructure
Independent / closely cooperate
PICKO (PPP)
PIMA (PIM)
PIMAC (PIM & PPP)
11
12. Lessons Learned
User- pay principle was familiar and thus acceptable to local drivers in Korea
Fiscal deficit during the Asian financial crisis promoted the social consensus for introducing PPP
M inimum prerequisites for PPP vitalization are … Legal Foundations, Risk Sharing scheme,
Professional PPP unit, and Financial market, which were developed in late 90s in Korea
PPP Capability building is not a one- off job!
Continuous improvement with strong government will is needed
International cooperation may be efficient for developing countries
‘Learning- by- doing’ approach works
Small pilot program can provide success story, providing inertia to whole PPP market development
Integrated budgeting process for PIM and PPP is needed to achieve consistency in project
assessment and efficiency in human resource management
12