• Title/Summary/Keyword: PPP(Private-Public Partnership)

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A Comparative Study on the Components & Characteristics of the Public Private Partnership Mechanism on Science & Technology Innovation Policy (국가과학기술혁신 민.관협력 메카니즘의 구성요소에 대한 비교연구: 4개국 사례를 중심으로)

  • Park, Yong-Sung
    • Journal of Korea Technology Innovation Society
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    • v.11 no.2
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    • pp.194-218
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    • 2008
  • The public-private partnership concept can encompass a broad range of cooperative relations and a broad variety of programmes in terns of size, objectives and design. This paper aims to analyze the components of public-private partnership mechanisms in the context of science and technology innovation policy. The research methodologies are based on semi-structured interviews with policy makers in four countries with six PPP programme : the France, the Netherlands, the Australia and Austria. It also attempts to understanding of the components that explain the increase of collaboration between national innovation system and PPPs. The taxonomy and essential components of PPPs were identified : mission-oriented PP/Ps, market-Oriented PP/Ps, cluster-oriented PP/Ps, and ISRs-Oriented PP/Ps. The taxonomy of regulatory regime can be a reference point for identifying the relative status of Korea's PPPs.

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Public-Private Partnerships in International Development Cooperation: Avoiding the Pitfalls to Make a Difference

  • Lussier, Dr Kattie
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.30-31
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    • 2015
  • PPPs in international development cooperation can be challenging due limited capacities in the country, weaknesses in terms of policy and legislative frameworks, differences in mindsets, values, work ethics and hierarchical structures as well as cultural issues. These can lead to misunderstandings and implementation problems. However, a careful assessment of the situation on the ground, stakeholder analysis and needs assessment can help to identify potential bottlenecks and address capacity constraints that could slowdown operations. A sound understanding of local power dynamics and work practices can help to put in place an exit strategy which will enhance the projects' sustainability. Making sure that goals and objectives are understood in the same way by all partners, establishing an ongoing and respectful dialogue between them, as well as transparent implementation and monitoring mechanisms can also contribute to the PPP's success and increase the likeliness to make a difference in the lives of those in needs.

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A Critique on Project Management View from Project Finance Perspective on the Critical Success Factors of PPP

  • Kim, Jung-Ju;Chae, Myungsin
    • Asia-Pacific Journal of Business
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    • v.11 no.3
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    • pp.21-46
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    • 2020
  • Purpose - This study aims to find if the introduction of project finance perspective leads to any modification to the view of PM industry on CSFs of PPP and their relative importance rank. Design/methodology/approach - Through literature reviews, this study came up with a set of CSFs reflective of both perspectives. AHP method was applied for analysis by developing an Analytic Hierarchical Model from this set and survey questionnaires of pairwise comparison to solicit 46 qualified expert responses. Findings - This study concurs with PM industry to acknowledge 'risk allocation', 'legal framework' and 'quality of feasibility' as ones of most important CSFs. However, relative importance rank of individual CSFs goes through significant modification under this study in favor of 'sponsor commitment and quality' but against 'political environment', in particular. Research implications or Originality - Discussions on the CSFs led by PM industry have not been properly reflective of project finance perspective, which is injected into this study to cure the partiality. For researchers, findings of this study may call attention to financing perspective when they discuss CSFs of PPP. Practitioners may benefit from this study by allocating resources in view of this new finding when pursuing PPP projects.

A Study on Change in Climate Change Adaptation Governance of Korean Local Governments - Focusing on the Process of Developing the Climate Change Adaptation Action Plan and Its Implementation Stage - (지방자치단체 기후변화 적응 거버넌스 변화 연구 - 기후변화 적응대책 세부시행계획 수립 단계와 이후를 중심으로 -)

  • Koh, Jaekyung
    • Journal of Climate Change Research
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    • v.8 no.2
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    • pp.99-108
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    • 2017
  • This study aims to analyze the features of adaptation governance of local governments by applying a multi-level governance framework, and to draw policy implications. We analyzed changes in governance of 17 metropolitan cities/provinces, and 33 municipalities in terms of horizontal and vertical cooperation in the process of developing 'The Climate Change Adaptation Action Plan' and its implementation stage. The result shows that the plan contributed to the higher level of vertical cooperation between the central and the local governments to a certain extent, however, during the implementation stage, the level of the partnership decreased due to the absence of governance mechanism. These trends were statistically significant at the level of municipalities. The role of Korea Adaptation Center for Climate Change (KACCC) was also diminished after establishing the plan. The horizontal partnership level among the relevant departments of the local governments showed no significant change as the level was low even in the planning stage. Though Public-Private Partnership (PPP) has increased a bit, it was statistically significant only in the municipalities. Moreover, there was no governance mechanism for PPP or it did not work properly. Based on the results above, it is recommended that the effectiveness of the plans should be increased and support for climate change partnerships or forums at a local level that promotes adaptive capacity is needed. The role of metropolitan cities and provinces should be strengthened through building a multi-level partnership structure. Governance institutionalizing for monitoring and evaluation is also needed.

Analysis of the Capability of Korean Construction Companies for International Investment Development Business

  • Jang, Hyoun-Seung;Kim, Hwa-Rang
    • Journal of the Korea Institute of Building Construction
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    • v.13 no.2
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    • pp.112-121
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    • 2013
  • Korean overseas construction has been on the rise, and exceeded the 2011 goal of $50 billion by securing $59.1 billion in orders. However, these orders were heavily concentrated in the Middle East (50%) and plant construction contracts (75%). This study suggests that, to maintain growth in foreign markets, Korea construction companies should enter into the high value-added investment development business and aggressively seek ways to diversify their regions of activity and construction types. To secure the entry of Korean construction companies into lucrative markets and better understand the competitive factors facing Korean construction concerns, a survey of the literature and focus group discussions targeting relevant experts were carried out. From those efforts, a list of 44 competitive factors crucial to entering and competing in the international investment development business was developed. Survey responses were analyzed by applying IPA. The results revealed that while Korean concerns compete well in engineering/technical capabilities, maintaining a cooperative relationship with contractors, and warranty/after sales service capabilities, their ability to obtain business information on the target country, to form private/public cooperative systems, and to build international human networks require immediate improvement.

Successful Winning Award Factors in Early Stage of International Public Private Partnership Projects (해외개발사업 발굴단계의 수주성공요인 분석)

  • Jung, Wooyong;Han, Seungheon
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.3
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    • pp.84-94
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    • 2017
  • Recently, domestic construction companies have increasingly engaged in international PPP projects a result of both uncertainties in the domestic construction market and low competitiveness in international EPC project business. These international PPP projects usually require long-term preparations and substantial sales costs, which make it important for decision-makers to select winning-award potential project in early stage of the projects. However, most previous research has analyzed success factors in terms of project development across all stages. Thus, this study investigated 28 success factors of 4 categories in the early stage of 31 international PPP projects. First, results indicate that unsolicited PPP projects require better implementation capabilities and financial conditions compared to solicited PPP projects. Second, implementation capability is important because it is not easy to improve as the project proceeds. Third, commercial conditions are identified as important even if conditions are not fixed in the early stage of PPP projects. Fourth, non-commercial conditions, strategy, and public interest are not found to be meaningful in the early stage of PPP projects because they can vary as the project proceeds. This study helps to improve selection criteria aimed towards more winning-award potential project in the early stage of international PPP projects.

Public Sector Reform and Industrial Relations: the case of Britain (공공부문 개혁과 노사관계: 영국의 최근 사례)

  • Park, Duck Jay
    • Journal of Labour Economics
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    • v.25 no.2
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    • pp.79-107
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    • 2002
  • Britain's public services, especially health service and secondary education are in disarray. The current British government adopted the public-private partnership(PPP) as a major device to bring about public sector reform. In principle, PPPs could be used to outsource all sorts of public services, helping to raise standards by extending choice and competition. Up to now, however, they have been focused mainly on a relatively limited range of ancillary services related to new buildings and their subsequent operation. The unions, especially the unions covering the public sector employees are antagonistic to the PPPs. The unions have been opposing privatizing or resecting of any part of the public services, as these apt to lead insecurity of employment and degradation of working conditions of their members. Most of the union leaders consider that PPPs are 'privatization by stealth'. Even in Britain, which has a long history of trade union movements, to persuade the unions to co-operate to the reform policy has been extremely difficult. To succeed in public sector reform, the government, be it Korean or British, needs strong leadership, consistency in policies between various departments, and persuasive ability to overcome the opposition from the vested-interest group.

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Risk Attitude Analysis between Construction Investor and Loan Investor in International PPP Project (해외투자개발사업의 건설투자자와 금융투자자간 리스크 태도 분석)

  • Park, Chan Young;Han, Seung-Heon;Jung, Wooyong
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.5
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    • pp.137-148
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    • 2019
  • Many construction developers have tried to develop the international PPP (Public-Private Partnership) projects but frequently failed to gain loan investor approval from loan investor. Many of these failures were caused by the risk attitude gaps among project stakeholder. This study aims to compare the risk attitude between the construction investor and loan investor. This study investigated how much differently 21 construction investors and 21 loan investor recognize the risk magnitude corresponding to the same three risk status of 27 risk factors. Construction investors show a more risk-seeking attitude than loan investor in 58 of 81 risk status. Loan investors show a more risk-averse attitude than construction investors in 9 risk factors. These results will contribute to developing the successful PPP project by reducing the risk perception gap between construction investors and loan investors.

The Efficient Public Private Partnerships for the Geospatial Data (공간정보데이터의 효율적인 민관 파트너쉽 방안 - 서울시 추진사례를 중심으로 -)

  • Koh, June-Hwan;Kim, Moon-Gie
    • Spatial Information Research
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    • v.20 no.2
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    • pp.71-79
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    • 2012
  • This paper is based on the research in the field of geospatial data that Seoul Government has initially promoted with private companies. In order to introduce the knowhow which has obtained through the cooperation between Seoul government and Private companies, several useful and practical materials will be offered in this paper. As for the cooperation on geospatial data, government and private companies should form a consultative group to find the way of improvement and the legal and regulatory details should be summited to related institutions. This paper will offer a proposal about how to improve and invigorate the present system, also, it will help to look for an effective proposal about budget reductions on the geospatial data which Seoul government propelled with private companies through continuous cooperation. Useful guide about how to solve the difficulties due to the imcomplete of legislations and closed institutions provided by Seoul Government will also be mentioned in this paper.

Strategy of Transport Infrastructure Development in Poland as a EU member

  • Barbuzynski Stanislaw;Kim Soo-Yong;Lee Young-Dai
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.325-328
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    • 2003
  • 폴드와 타 동유럽국가들이 내년에 유럽연합(EU)에 가입할 예정이다. EU에 가입한 후 폴란드는 도로분야의 투자에 박차를 가한 것이며 2005년까지 도로망을 보수할 것이다. 현재 폴란드 정부가 도로의 모든 건설투자 비용을 충당할 수 없으므로 민${\cdot}$관 협력에 기초하여 프로젝트 자본조달에 관한 새로운 방법을 발전시키고자 한다. 고도로 개발된 도로 교통망 없이는 국가 경제측면에서 경쟁력을 제고할 수 없으므로 EU 전체의 도로 교통망을 도입 하고자 한다. 도로 교통망의 성공적인 확대는 폴란드와 같이 아직 EU에 소속되지 않은 동유럽 국가의 교통 기반시설의 기초가 될 것이며 이것은 전채유럽의 이익을 가져 올 것이다.

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