| Title | Institutional Analysis on Private Participation in Public Infrastructure |
| Dept | Transportation Operations and Management Division |
| Year | 2009 |
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| Price | |
| Summary | Public Infrastructure work is the basic kinetic energy to accelerate economic development and to improve people’s living standard. It is also an important key to attracting domestic and international companies to proceed with investment and to promote the nation’s international competition ability. Recently, utilizing the abundant fund of the private sector and technology to invest in public infrastructure development has become a trend. Due to domestic financial crisis, the promotion of private participation in infrastructure projects has been introduced to Taiwan since 1990 to relax government financial pressure and upgrade the level of public work. For the purpose of upgrading the infrastructure service level and expediting socio-economic development in Taiwan, in 2000 the government promulgated the “Act for the Promotion of Private Participation in Infrastructure Projects”. The proceeding infrastructure projects all move to promote private participation first. Since the enactment of the Act, the cumulative amount of related investment has reached NT＄380 billion. Nevertheless, recent major projects have demonstrated the feature of deficient contracting and financial planning, poor construction quality, unfamiliarity with the related regulations, and lack of Management Performance Evaluation. As a result, theses counterexamples have caused public negative impressions and led to losing faith in upcoming Private Participation Projects. Therefore, the subject of this paper is hoping to provide recommendations for making future policy decisions on these issues. |
| Post date | 2009/08/03 |
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