Preface Acknowledgment Executive Summary Volume 1: Institutional Arrangements and Performance of Public-Private Partnerships Introduction Institutional Settings for Public-Private Partnerships 　Background in Chronology 　Legal Framework 　Organization of Decision Process 　Procurement Schemes 　Government Support for Land Expropriation 　Financial and Tax Incentives 　Buyout Right and Concession Termination 　Training and Education Program Trends and Current Status of Public-Private Partnerships 　Build-Transfer-Operate Projects 　Build-Transfer-Lease Projects 　Private Financing through Infrastructure Bond and/or Fund 　Size of Fiscal Commitment in Public-Private Partnerships Implementation Procedure 　Procedure for Build-Transfer-Operate Solicited Project 　Procedures for Build-Transfer-Operate Unsolicited Project 　Procedure for Build-Transfer-Lease Project Ex-Post Management, Refinancing, and Renegotiation 　Monitoring 　Performance Management 　Stakeholder Survey on the Performance of Public-Private Partnership Projects 　Refinancing 　Refinancing Steps 　Renegotiation Evidence of Cost Savings and Efficiency Gain from Public-Private Partnerships 　Methodology 　Financial Analysis of Concession Agreement 　Analysis of Concession Agreement Clauses 　Wrap-Up: Cost Savings and Efficiency Gain Evidence of Public-Private Partnership Contribution to the 　National Economy 　Background 　Public-Private Partnership Contribution to Economic Growth 　Public-Private Partnership Contribution to Social Welfare 　Public-Private Partnership Contribution to Better Value for Money:Several Experiments 　Implications Budgeting and Safeguard Ceiling for Public-Private Partnership Fiscal Commitment 　Background 　Budgeting and Reporting of Public-Private Partnerships 　Developing Safeguard Ceiling for Annual Public-Private Partnership Payment Public-Private Partnerships as an Alternative Method of Fiscal Stimulus to Address the Global Financial Crisis 　Background 　The First Revitalization Initiative 　The Second Revitalization Initiative Lessons Learned and Challenges Ahead 　Lessons Learned 　Challenges Ahead References Appendixes 1 Public–Private Partnership Progress Report Forms 2 Institutional Settings for Public–Private Partnershipsin Other Countries Volume 2: Cases of Build-Transfer-Operate Projects for Ports and Build-Transfer-Lease Projects for Education Facilities 　 Overview of Public-Private Partnerships by Sector in the Republic of Korea Part 1: Build-Transfer-Operate Projects for Port Facilities 　Background and Scope of Study 　　Background and Purpose of Study 　　Scope of Study 　Management of and Investment in Ports in the Republic of Korea 　　Outline: Port Development 　Actual Investments in Port Development by Investor Groups 　　Fiscal Investment in Port Development 　　Public-Private Partnership Projects According to the PPP Act 　　Investment by Non-Competent Authorities 　　Investment by Public Corporations 　　Summing Up 　Analysis of Public-Private Partnerships for Port Facilities by Implementation Phases 　　Designation of a Potential Project 　　Formulation and Announcement of a Request for Proposal 　　Submission of Project Proposals 　　Evaluation of Project Proposals 　　Negotiations and Designation of a Concessionaire 　　Submission and Approval of a Detailed Engineering and Design Plan for Implementation 　　Construction Completion and Operation 　Performance Evaluation of Public-Private Partnership Port Projects 　　Present Status 　　Survey 　　Performance Evaluation 　Major Issues of Public-Private Partnership Port Projects 　　Feasibility Study 　　Restrictions for Project Implementation Schemes 　　Request for Proposals 　　Calculation of Total Project Costs 　　Optimum Rate of Return 　　Cargo Throughput Estimation 　　Free Use Period 　　User Fee and Minimum Revenue Guarantee 　　Refinancing and Profit Sharing 　Conditions for Successful Implementation of Public-Private Partnership Port Projects 　　Conduct of Feasibility Study 　　Application of Trigger Rule in Public-Private Partnership Port Projects 　　Securing and Using Expertise 　　System Improvement and Project Monitoring Part 2: Build-Transfer-Lease Method for Education Facilities 　Background 　Status of Korean School Facilities and Changes in Policy Environment 　　Conditions of School Facilities and the Investment Situation 　　Changes in the Policy Environment for School Facilities 　Expanded Private Participation in School Facilities 　　Build-Transfer-Lease System for School Facilities 　　Build-Transfer-Lease Projects and Their Types 　　Status of Build-Transfer-Lease Projects for School Facilities and Mid- to Long-Term Investment Plans 　　Mid- to Long-Term Investment Plans for Build-Transfer-Lease School Projects 　Major Implementation Procedures of Build-Transfer-Lease Projects for School Facilities 　　Implementation Procedures of Build-Transfer-Lease Projects and Major Roles among Involved Parties 　　Detailed Guidelines of Build-Transfer-Lease Projects by Major Procedure 　Major Issues and Improvement Measures in the Project Implementation Process 　　Major Issues for Promotion of Build-Transfer-Lease Projects 　　Issues Concerning Efficient Post-Construction Management 　Performance Analysis of Build-Transfer-Lease Projects for School Facilities 　　Performance Evaluation Methodology 　　Evaluation and Analysis of Efficiency 　　Cost Overrun 　　Time Overrun 　　Evaluation and Analysis of Satisfaction with Build-Transfer-Lease School Projects 　　Survey of Competent Authorities and Project Participants Conclusion References Appendixes 　Appendix 1-A: Investment Systems for Port Development in Major Countries 　Appendix 1-B: Build-Transfer-Lease Projects for School Facilities