Since having enacted the law related to the private financing about social overhead capital legislated in October 1994, the private financing projects have been settled down as the critical procedures to provide the social infrastructure. The private ...
Since having enacted the law related to the private financing about social overhead capital legislated in October 1994, the private financing projects have been settled down as the critical procedures to provide the social infrastructure. The private financing projects might not only benefit those social infrastructures such as school, welfare, and cultural facilities which need to be invested as quickly as possible in order to meet public demands, but it will lead private investment and make various private project procedures available provided that the BTL projects are activated properly in the field of education, welfare and train infrastructures. As a result of those market conditions of private financing projects, the procedures have been expanded to the newly confirmed projects and expected to hold the potential market size which might be equal to the BTO. Despite those beneficial factors, the steps reporting how to perform those projects, which one will be selected, and how to evaluate those proposals in Parliament are very complicated and difficult to go through. Consequently, the purpose of this study is to figure out the problems derived from BTL projects when compared with the traditional procedure in an educational area, and then provide the guideline to perform BTL projects efficiently and properly.