PFI방식에 의한 공공부문의 비용삭감 효과분석 = 일본 가나마치PFI모델사업을 중심으로

다국어 초록 (Multilingual Abstract)

Private Finance Initiative(PFI) was introduced in Japan in July 1999 in order to reform public investments and to encourage private sector to finance, manage and utilize their technical expertise in construction, maintenance and operation of public facilities. The primary objective of all PFI schemes is to achieve better Value for Money(VFM) in the delivery of public services. VFM is maximized in PFI when more risk is allocated to the party that can manage it efficiently. This paper is based on the Kanamachi PFI Mode Project which is the first PFI project in Japan and aims to evaluate its VFM. Also it aims to estimate the impact of risks that are to be burden by the public sector using Monte Carlo simulation. The result of this analysis shows positive VFM which, however, falls short of 5 percents as has been expected by Tokyo Government. As the magnitude of VFM is affected ny the level of public expenditure, more study on optimal allocation of risk between public and private is needed.