Infrastructure Planning and Financing in Korea - an Insight to Economic Development
Start Date
2-10-2013 12:00 PM
End Date
2-10-2013 12:35 PM
Description
Abstract: Infrastructure development has played an important role in achieving a high rate of economic growth and improving the quality of life for Koreans. Empirical studies show this to be true, and that such developments have produced a high rate of economic return. This presentation chronologically reviews the infrastructure development in Korea and focuses on how the transport infrastructure development plan was linked to the country’s economic development plan. In particular, this presentation will provide insights on measures to tackle the lack of available resources for the infrastructure development. For example, earmarked transport taxes, creation of special accounts and PPPs, which enhance Korean government’s fiscal flexibility will be introduced. This presentation will also provide some experiences and lessons focusing on the infrastructure planning and financing for the infrastructure development.
Citation:
Kim, K.S. (2014). Infrastructure Planning and Financing in Korea - an Insight to Economic Development. In: Campbell P. and Perez P. (Eds), Proceedings of the International Symposium of Next Generation Infrastructure, 1-4 October 2013, SMART Infrastructure Facility, University of Wollongong, Australia.
Infrastructure Planning and Financing in Korea - an Insight to Economic Development
Abstract: Infrastructure development has played an important role in achieving a high rate of economic growth and improving the quality of life for Koreans. Empirical studies show this to be true, and that such developments have produced a high rate of economic return. This presentation chronologically reviews the infrastructure development in Korea and focuses on how the transport infrastructure development plan was linked to the country’s economic development plan. In particular, this presentation will provide insights on measures to tackle the lack of available resources for the infrastructure development. For example, earmarked transport taxes, creation of special accounts and PPPs, which enhance Korean government’s fiscal flexibility will be introduced. This presentation will also provide some experiences and lessons focusing on the infrastructure planning and financing for the infrastructure development.
Citation:
Kim, K.S. (2014). Infrastructure Planning and Financing in Korea - an Insight to Economic Development. In: Campbell P. and Perez P. (Eds), Proceedings of the International Symposium of Next Generation Infrastructure, 1-4 October 2013, SMART Infrastructure Facility, University of Wollongong, Australia.