Public–Private Partnership Systems in the Republic of Korea, the Philippines, and Indonesia

29 Pages Posted: 22 Feb 2019

See all articles by Kangsoo Kim

Kangsoo Kim

Korea Development Institute (KDI)

Min-Woong Jung

Korea Development Institute

Meesoo Park

Korea Development Institute (KDI)

Yoo-Eun Koh

Korea Development Institute

Jin-Oh Kim

Korea Development Institute

Date Written: October 16, 2018

Abstract

Infrastructure plays a critical role in boosting the economy’s overall productivity and development toward improving the quality of life. Public–private partnership (PPP) is considered as one of the key modalities for sustainable infrastructure development. This paper analyzes and compares the PPP systems in the Republic of Korea, the Philippines, and Indonesia to identify the requirements for making this modality an effective catalyst for infrastructure’s contribution to sustainable development. These countries have used the increased capacity and transactional experience in handling these partnerships to develop their PPP markets and strengthen their institutional framework to increase the use of PPPs to provide infrastructure services. A comparative analysis is then conducted to draw lessons for other economies in developing Asia seeking to improve the efficiency and effectiveness of their PPPs. The analysis underscores how strong institutions, unified procurement frameworks, and effective dispute resolution mechanisms can improve the implementation of infrastructure PPPs.

Keywords: infrastructures, legal and institutional frameworks, public–private partnership

JEL Classification: H40, H50, O20

Suggested Citation

Kim, Kangsoo and Jung, Min-Woong and Park, Meesoo and Koh, Yoo-Eun and Kim, Jin-Oh, Public–Private Partnership Systems in the Republic of Korea, the Philippines, and Indonesia (October 16, 2018). Asian Development Bank Economics Working Paper Series No. 561 (October, 2018). Available at SSRN: https://ssrn.com/abstract=3339145 or http://dx.doi.org/10.2139/ssrn.3339145

Kangsoo Kim (Contact Author)

Korea Development Institute (KDI) ( email )

263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)

Min-Woong Jung

Korea Development Institute ( email )

263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)

Meesoo Park

Korea Development Institute (KDI) ( email )

263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)

Yoo-Eun Koh

Korea Development Institute ( email )

263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)

Jin-Oh Kim

Korea Development Institute ( email )

263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)

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