PIMAC, which leads the preparation of pre-feasibility studies in Korea, has prepared sector-specific guidelines for the preparation of pre-feasibility studies in accordance with the General Guidelines for Preliminary Feasibility Studies.
Globally, governments are accountable for the development of infrastructure and the delivery of basic services in an affordable and inclusive manner. The ability of governments to nurture a conducive enabling environment for infrastructure investment has often been found to be a key differentiator between countries that successfully scale up infrastructure and those that face challenges in doing so.
We are pleased to share the findings of an infrastructure investment study, released today by the Global Infrastructure Hub (GI Hub) and EDHEC Infrastructure Institute-Singapore (EDHECinfra). The global study, which looked to identify investor expectations for the sector, found that investors have an increasing appetite for infrastructure including in emerging markets, with the number of investors looking for exposure to emerging markets set to more than double over the next 3-5 years.
Korea's ODA consists of three types of aid: 1) bilateral grants, 2) bilateral loans, and 3) multilateral assistance. Bilateral grant aid comprises of technical cooperation and various types of transfers (made in cash, goods, or services) with no obligation for repayment. Bilateral loans, on the other hand, are provided on concessional terms under the name of the Economic Development Cooperation Fund (EDCF). Lastly, multilateral assistance is delivered either as financial subscriptions or (grant) contributions to international organizations.
K-Developedia is an open access repository that contains more than 35,000 resources on Korean development experience. It includes a comprehensive one-stop references on key PPP development issues of Korea
National PPP Unit
National PPP Unit
Officials from the Korean Ministry of Strategy and Finance officials and the Korea Development Institute (KDI) met with the GI Hub in Sydney on 14 December 2016 for discussions during their study visit to Australia on Public-Private Partnerships in infrastructure.
Mark Moseley, the GI Hub’s Senior Director for Legal Frameworks and Procurement Policies, pictured above, gave two presentations at the Asia PPP Practitioners Network (APN) Conference held in Seoul, South Korea, on 30 November – 2 December, 2016.
The Global Infrastructure Hub’s Hyeyoung Kim and Morag Baird joined World Bank PPP and Infrastructure Consultant Rob Richards for a webinar discussing how infrastructure projects in Korea are assessed and determined to be Public Private Partnerships.
The “General Guidelines for Preliminary Feasibility Studies” (hereinafter “General Guidelines”) have served as a basic manual for conducting all preliminary feasibility studies and include the methods and standards for doing so.
The Re-assessment Study of Feasibility (RSF) is undertaken for projects which have utilised higher than expected cost or time resources, leading to concerns over the validity of the original feasibility study.
The purpose of these guidelines is to enhance the efficiency of fiscal spending by reasonably adjusting and managing, by each project phase, total project costs of large projects funded with the national budget.