Research Reports

- Infrastructures are directly related with the safety of citizens in that they function as essential material foundations needed for economic and social activities. However, with the past focus on setting up the infrastructure, performance management was not conducted systematically, as a result of which safety accidents have continuously occurred due to worn-out infrastructure. - In response, this report attempts to affirm that investment in worn-out infrastructure in Korea is essential based on ① theoretical inspection, ② analysis of state of worn-out infrastructure in Korea, and ③ analysis of infrastructure investment policy trends in major foreign countries, as well as proposing a policy improvement measure to stimulate investment in worn-out infrastructure. - Investigating the state of worn-out infrastructure facilities using infrastructure management systems such as the Facility Management System as well as collectible individual statistical data, water reservoirs were shown to be severely worn-out, while airports didn’t have worn-out facilities, demonstrating a significant gap between types of facilities (Refer to Chapter 3 for details). - Studying the policy on worn-out infrastructure implemented by each country showed that the U.S., Japan, and the U.K. are actively estimating the scale of future worn-out facilities by conducting performance assessment on infrastructure facilities, focusing on selecting the main execution institution and securing maintenance finances accordingly. - The actionable policy measures against performance deterioration due to worn-out infrastructure and threat to citizens' safety that can be derived from the above are as follows: ① moderately sized investment in infrastructure; ② reversal of SOC (Social Overhead Capital) investment paradigm; ③ performance improvement of worn-out infrastructure and conformance with the 4th industrial revolution through technological innovation; ④ improvement of worn-out infrastructure through urban regeneration and expansion of daily life infrastructure; ⑤ systematic promotion of the Framework Act on Sustainable Control of Infrastructure; ⑥ expansion of support from the central government to attempts to improve worn-out infrastructure by local governments; ⑦ improvement of method of providing government subsidies; and ⑧ performance improvement of worn-out infrastructure using public-private partnerships (PPPs/P3s).