Research Reports

As of 2020, Korea's infrastructure has 27,997 facilities that are more than 30 years old, accounting for 17.5% of the total facilities, and more than 30 years of facilities are expected in the next 10 years. The government's fiscal balance is expected to continue to be (-), the national debt ratio will also increase, and the cost of maintaining infrastructure continues to increase. In the case of roads, the maintenance budget will continue to increase, and the maintenance budget will reach about 30% of the total road budget in 2020. As a result, the need for private capital to participate in the improvement of old infrastructure is expected to increase, but there are no separate standards for the improvement and performance of old infrastructure, resulting in disqualification or project delay. Therefore, the purpose of this study is to respond to the demand for maintenance and management of old infrastructure and performance improvement, and to reduce the national financial burden by improving the stable maintenance and operation efficiency of infrastructure. In this study, the current system analysis of aging infrastructure and maintenance and management costs will be conducted to examine possible problems under the existing system and analyze domestic and foreign cases using various private investment projects as an alternative.