Playing a key role in PPP evaluation, oversight and policy development, The Republic of Korea’s specialist PPP agency PIMAC has developed technical guidelines for all stages of the PPP process and offers a advisory services to central and local authorities. PPP policies and plans are overseen by a review committee, chaired by the Minister of Strategy and Finance. Also Ministry of Strategy and Finance is in charge of public investment accounting, which enforces a government payment ceiling for PPPs as a percentage of national budget expenditure to avoid fiscal commitments to PPPs. Organizations like the Korea Finance Corporation facilitate project finance and syndication schemes so as to provide facility loans, equity investments and credit enhancements for infrastructure projects. At the moment, the country has more than 20 private infrastructure funds.

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