| Title |
A Study on Analysis of Risks Related to Overseas Railroad Private?Public Partnership Projects |
| Authors |
조현미(Cho, Hyunmi) ; 김시곤(Kim, Sigon) |
| DOI |
https://doi.org/10.12652/Ksce.2022.42.6.0887 |
| Keywords |
세계철도시장동향; 국내기업의 해외사업 취약점; 해외민간투자사업; PPP 투자위험 Overseas railroad market status; Korean companies’ weaknesses in overseas railroad business; Overseas public?private partnership (PPP); Types of risks regarding overseas PPP railroad projects |
| Abstract |
Due to various reasons (normally financial constraints in developing countries), it becomes common to change of the business model from state-run projects to Private Investment Projects (Public Private Partnership) in the global railway businesses. However, due tothe nature of railroads compared with other types of infrastructure such as roads and others, railway business require considerable construction cost and O&M cost through the business development, construction, and operation and management stages. Therefore,private investment railway projects, especially in developing countries, can be problematic in terms of the potential for uncertainty when return on investment cannot be guaranteed. In order to strengthen the competitiveness of domestic companies when enteringoverseas railroad PPP projects, this study proposes PPP-related risks and their countermeasures by reviewing global railroad trends and identifying Korea’s weakness in managing international railroad projects. |