• Journal of Korean Society of Transportation
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• v.24 no.5 s.91
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• pp.67-74
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• 2006

This paper proposes a way to a risk quantification of public sector comparator in the value-for-money test of the BTL (Build-Transfer-Lease) scheme in rail investment projects. Two principal risks that are project delay and budget increasing costs are identified and are empirically quantified with a case study of the Haman-Jinju link. The methodology suggested is expected to be a good reference for the similar research afterwards and also to help in settling down the scheme that is only an early stage.

• Journal of the Korean Institute of Educational Facilities
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• v.13 no.3
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• pp.83-85
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• 2006

• Journal of the Korean Institute of Educational Facilities
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• v.13 no.3
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• pp.81-83
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• 2006

• Korean Journal of Construction Engineering and Management
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• v.8 no.3
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• pp.116-124
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• 2007

It is Increasing that requirements of social infrastructure which includes educational, welfare, cultural facilities for public. Government introduced BTI(Build-Transfer-Lease) as a PFI(Private Financial Initiative) system. This research is about BTL projects in small public educational facilities. Some problems when BTL system is applied to small public educational facilities are identified, and the reason of those problems are examined. This research proposes alternatives in a institutional way and it proposes improvements in contractual structure of consortium when BTL system is applied. Based on reasonable system, it promotes creativeness and effectiveness of a project, and it makes local minor construction companies participate in BTL project without difficulties as mentioned.

• Korean System Dynamics Review
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• v.12 no.4
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• pp.35-62
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• 2011

PFI(Private Finance Initiative) for suppling SOC and public facilities instead of Government Infrastructure Project introduced from 1994. BTO(Build-Transfer-Operate) project had been major type of PFI system from 1994 to 2005. But after changed the Law of PFI on SOC, the BTL project newly introduced. In BTO system, the Government retrieves the investment through the operating income, but in BTL system, the government lease the facilities. As the BTO and BTL projects are widely adopted and implemented to ease the fiscal burden of government, but it has caused the tremendous fiscal burden each year over the period operation. Therefore this study attempted to analyze the question, that is, why government fiscal burden tipping? Hence, this paper, compares the difference of business structure between BTO and BTL project and explore the vicious and virtuous business structure, with the method of circular causal loop analysis. As a result, it has shown that there are some positive feedback and negative feedback loops cause the tipping and easing of government fiscal burden.

• The Journal of Sustainable Design and Educational Environment Research
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• v.7 no.2
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• pp.30-46
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• 2008

In this study, were prepared after statistical analysis was conducted of assessment items and marks distribution for the selection of executors of the BTL project. When tests of the degree of dispersion and degree of appropriateness for each assessment item were analyzed, it was found that the degree of dispersion among assessment points has the power of discrimination since it is highly marked in the design field and operation management field. In contrast, 'business management plan' and 'investment composition for economic quality assessment' have a low level of the power of discrimination since points given to them have smaller difference between business projects.

• The Safety technology
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• no.182
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• pp.16-18
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• 2013

강원도 춘천시에 최근 새로운 변화의 바람이 불고 있다. 우 오수관로를 신설하고 재정비함으로써 하수관거의 기능을 개선하고 하수처리장의 운영효율을 증대시키는 공사가 대대적으로 펼쳐지고 있는 것이다. 2015년 1월, 이 사업이 완료되면 춘천시는 방류 수역 수질개선으로 악취가 저감되고 쾌적한 환경이 조성되는 등 지역주민의 생활환경이 크게 개선되는 효과를 얻을 수 있다. 더불어 효율적인 하수관 유지보수체계도 구축할 수 있게 된다. 사실상 더욱 살기 좋은 춘천시의 등장이 임박한 것이다. 이런 행복한 변화를 만들어내고 있는 주인공은 바로 '코오롱글로벌'이다. '코오롱글로벌 춘천시 하수관거정비 임대형민자사업현장'은 춘천시를 전국 제일의 행복도시로 만들겠다는 신념으로 시공에 임하고 있다. 때문에 공사의 품질을 좌우하는 '안전'에 만전을 기하고 있다. 철저한 안전관리를 통해 춘천을 최고의 주거환경을 갖춘 도시로 변화시키고 있는 이곳 현장을 찾아가 봤다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.10 no.10
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• pp.2907-2916
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• 2009

PPPs(Public Private Partnerships) in Korea was introduced in 1990s, which mainly used for providing transportation facilities such as railroad and high-way. Since 2005, a service delivery type PPPs, in other words BTL(Build Transfer Lease) has been implemented, which focused on social infra-structure including school, military housing, and sewage facilities. According to previous literature, efficient risk evaluation and management is the key factor for successful PPPs in the UK and Australia. However, Korea doesn't have proper risk evaluation system for PPP type project. In this paper, we explore and analyze risk evaluation system of PPPs in Korea and other countries. Also, we apply empirical methodology used in the UK to a BTL project and set up a new PSC(Public Sector Comparator) with risk evaluation.

• The Journal of Sustainable Design and Educational Environment Research
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• v.8 no.1
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• pp.11-22
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• 2009

School is a basic and the most fundamental facility of city planning just like other basic public facilities including the village office. Every plan is established on the basis of school. However, the problems such as the population reduction resulting from the nuclear family-zation and low birth rate, employment and welfare of the aged people resulting from "the old aged society", and the infant nursing and education resulting from a rapid increase of the working couples become notable and accordingly more requirements are being made. Reflecting this trend, the concept and operation system should be changed. Up to now, the BTL projects of the educational facilities are gaining a reputation of being efficient in terms of national budget running, but at the same time receiving negative reputation in terms of budget saving under the civil creativity and efficiency. Through upgrading the private sector investment projects into the BTO+BTL system and further into the BTO(Build Transfer Operate), we can accomplish the original goals of the private sector investment projects, and can make the education budget operation more efficient, and can greatly improve the education environments. However, we should not underestimate in this process that these facilities should not negatively affect the education environments. In any situation, the owners of schools are students.

• Journal of The Korean Digital Architecture Interior Association
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• v.10 no.1
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• pp.31-38
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• 2010

The use of school should not be limited to student education any longer but be extended for attaining social benefits. For this reason, school should play central roles not only in education but also in childcare, welfare, culture, physical education, etc. In order for school to accommodate various new functions, it is essential to promote the mixed-uses of school facilities, and this process requires the involvement of private capitals for early achievement of social benefits from school facilities. Thus, this study purposed to examine the necessity of the multiple uses of school facilities through the investment of private capitals, to diagnose the adequacy of build-transfer-lease (BTL) applied currently to the multiple uses of school facilities, and to find obstacles to the activation of private sector investment and suggest solutions for the obstacles. In particular, this study aimed at proposing plans to enhance the efficiency of private sector investment and activate private sector investment projects by suggesting how to promote the multiple uses of school facilities in consideration of profitability for private investors.