1 : 1 2 3 4 2 1 : 1 () 2 3 4 5 1.:2.:2012.11.12.()14:00~17:303.:4.:5.:6. 7. 14:00 14:10 10 114:10 14:15 5 14:15 14:45 301()14:45 14:55 10 1 14:55 15:05 10 2 15:05 15:15 10 3 15:15 15:25 10 4 15:25 15:40 10 15:40 15:50 10 215:50 15:55 5 15:55 16:25 302()16:25 16:35 10 1 16:35 16:45 10 2 16:45 16:55 10 3 16:55 17:05 10 4 17:05 17:15 10 5 17:15 17:25 10 48, 381 20, 10 48, 38 () post-doc. 45, 35 44, 34 2 31, 21 U.C. 1 40, 30 () / AMEC AMEC ENR(Engineering news Record)2007 25 / 5 45, 35 soc 38, 28 50, 40 11 1 () 13. 15. 18. 28. 34. 42 1 () 551.? 572.;FalseClaimsAct 583.() 624. 645. 666.() 67 2 () 711.() 742. 743. 794. 84 3 () 851. 872., 883. 92 4 () 991. 1012. 1013. 1024. 1045. 1056. 1067. 106 2 () 1071 1092 1113(MRG) 1344 162 1 () 1691. 1712. 1723. 180 2 () 1831. 1852.BTL 1863.BTO 187 3 () 1911. 1932. 196 4 () 2011. 2032. 2043. 2084. 208 5 () 2091. 2112. 2123. 2134. 2185. 223 -11-2012.11.12?, .8.. .. . ..-12- . . . . .. ...20121112 --2012. 11. 12.: -15-. 1. 2012. 10. 5. 19 . , , . , .1995 627 5 . , , , . . , 12 1), 20112014 1 5000 .2)1)12,,2012.10.17.

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False Claims Act( FCA") . , , . , 1863 FCA . FCA (FCA "qui1) ,(33)2)(2, 2005). -59-tam" ) 50% . , 1943 FCA , FCA . 1980 (fraud) . 1981 (General Accounting Office) , . , 1943 FCA . qui tam qui tam , , 15 - 25%, 25 - 30% , . FCA . FCA (), , . , . 1 ( 1 )-60- , . . . . , , . , , , , . . . 1986 FCA qui tam 18 3 , 2,000 qui tam (1997 ).1997 530 , $625million . 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 199733 60 95 82 90 119 131 221 279 363 530 , 1986 2005 qui tam 96 . FCA 1986 FCA 170 . -61-. (Taxpayer's Suit)

. (taxing district orarea) , 1 . . , , . 1847 (taxpayer's suit ; taxpayer's action) , (Massachusetts) . . New Mexico (, 1998). , ( , , ) . . . 1 ( 1 )-62-3. ( ) . False Claims Act , . 2000 , 2000 11 14 . . () , 2004 5 29 16 . 17 2004 11 17 () .. 2003 2 . . 12 .3) 2003 3 3 .4) 2003 7 29 .5)3)2003.2.27.4)2003.3.3. -63- , 6 19 . 9 . , 6). . 2004 12 29 , 2006 1 1 . . , * * 2 *2 * .5)2003.7.29.6)2006.7.6. 1 ( 1 )-64-4. . 2005 248( ) GDP 30.7% . 2006 280 . , .. , , . . 2006 5 . , 118 , , , . , () . -65-. , . . . .() . .. . . , . . . . . () . 1 ( 1 )-66-5.

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2, 2005, , , 2005, , , 1998, , 1999, - (Taxpayer's Lawsuit) , 11, 2000, , 2002, , 2002 2003, , 2003 6, -2- ( ) -73- 2.() . . . 1 ( 2 )-74-1. () . () . () . 1863 2005 96 , 170 .2. . 1) ( 1 )) -75- 17 2 1 . () 1) . () () , . 55 () . ( 1 ) () .) ( 1 ) , 1)2006.5.25.200311988. 1 ( 2 )-76-( 1 ) () (1 ) .2) ( 2 ) ( 2 ) , , 2 1 4 . 2 , .3) ( 4 )) ( 4 ) ( ) .) 2 4 18 29 -77- . () () . 2002 2 .. -- , , . . 1 ( 2 )-78- , . , . . , , . . . . . -79-3. . . , . .. . 1 1 ( 2 )-80- . . . . , . . -81- .. 2, 4 2 . ( 4032)) , 3 , .. . 2)403() 1001 .1.301.31. 1 ( 2 )-82- . .. ... . ... ... . 17 1 ... . ... . . . -83-. . 13 1 4 1 10 1 10 . . . 683) . 13 1 10 10 1 (10 1 ) . ( ) .3)68(),. . .269 .,. 1 ( 2 )-84-. . . .. . 4. , ( ) , . -3- ( ) -87- 3. ()1. , . . , , , . , , . 1 ( 3 )-88- , (), ( , ) . . .2. , . , 2006 1 1 17 2 2 , . -89-, , . .. 1) 17 2 4 4 .(2 ) , - , , , , .1) - .) , . . 1),[],,2009 1 ( 3 )-90- , , , , , . - 2008. 5. 14. 20072038 - . - 2008.10.30. 20081311 - . ) . , , -91- .(2008.5.14. 20072038 ) ) . .2) 741 ( ) ( ) , () . .

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) 3) , , , .3. . 1) , . 2006 2010 26 -93- ., , , . .2) , . ., 2 2 1 ( 3 )-94- , .3) , 10 1/10 ., , , . .. , , . , , -95- . .1) , .( 2008.5.14. 20072038 ) , . , . 2) , . 1 ( 3 )-96- , . . . 3) , . . , , , , , . 4) . -97- . . , . . -4- -101- 4. 1. . . . ( ) , .2. , . , . 1 ( 4 )-102- . ., , , . .3. 4037 376 . . . . , -103- ( ) . .1) . . , . .2006 2010 26 , .2) . , , 1) 25 () . , . , 5 1( () .) .2) 2009. 5. 21. , 2009. 5. 20. 14 2006 . 1 ( 4 )-104- . , . , . , , , , , .3) . , .4. , , . , , , .3) .( 2008.5.14. 20072038 ). -105- , ,4) .5)

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-BTO(MRG)-2012. 11. 12.: -109-1 - ( ) . ,, .1)2)3) (). , (MRG, Minimum Revenue Guarantee) BTO 1) 225, (http://www.nemopan.com/tv_today/6558230) 2012. 10.2. ., 1 2. . ? 3 9, 2500 . , , . , . . , . , . , .2) 2012. 10. 9. (MRG),8(http://www.kyh21.net/bbs/board.php?bo_table=notice&wr_id=685) 3) 2-110- , ( ) , (VFM, Value For Money) , (BTL ) . , . MRG BTO , . -111-2 1 1. (Public Private Partnership, PPP)4) , 5) 6). 7) . 2. . 4) Public Private Partnerships Private Finance Initiative PFI. 5) , , , 2006, 29.6) .: , , , 2010.5. 77) (PFI) (VFM, Value For Money). 2-112- . 8).(Social Overhead Capital, SOC) . 1970 , 1994 , 1999 , 2005 . . .. . 9) 8) KDI 19972.1% 2008 18.4% , 200915.4% 201016.3% .9) 2005. 12. 22. 200464 (). : . ( 3 2 13 ,254). -113- . 3( ) . , . . 2 1 , , , , , , , , , , ( 212) 10)11). 20( ) 3 ( " " ) . 12). . . . , . 3213().10) 2003. 3. 13. 200236869 .: , 31 22, , 3 .11) () (, , , 2008.12.). . . 12) 2-114-3. . - , ( 2 1). , , , , , , , , , , , 48 (positive) 13).. ( 4) ( BTO,Build-Transfer-Operate ) (BTL, Build-Transfer-Lease) 14) , 4 BTO BTL , BOT, BOO . BTO BTL .( 200231572, 20036483)13) 2081231 11247 2012.2.1. 2013.2.2. . . PFI ()2 .1 , , , , , , , , 2 , 3 , , , , , , 4 , , , (.), 5 .14) 28. . 9. .. -115- .- -4() .1. , (2 )2. , , 3. 4. 5. 9 12 1 4 6. 10 [ 2011.8.4.] 1 BTO , 2 BTL , 3 BOT ,4 BOO , 5 . 2012 15) 3 .--3() 4 .1. BTO(Build-Transfer-Operate) : 2. BTL(Build-Transfer-Lease) : , 15) 2-116- 3. BOT(Build-Operate-Transfer) : 4. BOO(Build-Own-Operate) : 5. BLT(Build-Lease-Transfer) : 6. RTO(Rehabilitate-Transfer-Operate): 7. ROT(Rehabilitate-Operate-Transfer) : , 8. ROO(Rehabilitate-Own-Operate) : 9. RTL(Rehabilitate-Transfer-Lease) : , 10. 46 1 2 ( ) .11. ( 2 ). .(1) ( 7 5) .(2) ( 8 2 -117- 6) (Decision to invest) (Decision to PFI) .(3) ( 10 12 11) .(4) , , , ( 13 14 12 14) ( ) . (5) ( 15 15 17) 16) (Special Purpose Company) . (6) 16) . 2-118-2 1. . BTO . BTO . BTL . BTL BTO . BTO . .. BTO BTL 17) .17) BTL . -119- Build-Transfer-Operate Build-Transfer-Lease () () () () (SPC)BTO vs.(SPC)BTL ()/BTO BTL . . BTO , 1) (Build) (Transfer), (Operation) , 2) 2-120- 26 18) , 3) . BTL , 1) (Build) (Transfer), (Lease) , 2) 26 , 3) , . . . BTO BTL 19). , . BTO , BTL ( 20) 18) 27(), .19) BTO 30, BTL 20. -121- . . 2000 BTO 2005. 1. 27. BTL 2009 BTL . BTO BTL . 20) BTL 21).20) 2004. 10. 29. 2004. 12. 21) 2012BTL . 2011. 6. 29.3 3() 4291201391.. . 2-122-. (BTO) (BTL) (1) (2011. 12. , )22)[] ('11. 12, , )[] 23) 22), , SOC , KDI , 2012. 10.23) , . -123-(2) (2010 9 )24) IMF 1999 2000BTO 2005 BTL 2009 MRG BTO BTL .24), , SOC , KDI , 2012. 10. 2-124-2. (BTO) . BTO (BTO,) () 2 2 (BTL 1 ) () 2 2 , ( ) PQ 2 2 () , , () 2 ( ) () 3 () -125- 500 300() 2(BTL1)(:, ,) 2 ()(2) 2: 2: YesYesNoNo :B/CAHP Check-list VFM- :- 2(BTL 1). BTO ( )25)25) , . 2-126-. BTO (BTO,) < > < > < > ( 30) () () 60 ( ) , NO YES () 22 ( ) () 3 () -127-. BTO (1) BTO . ((Net CashFlow) ) = (Cash-Inflow) (-, )- (Cash-Outflow) 26)( =+ ) . . (P, Price) X(Q, Quantities) = (R, Revenue) , 27) (Q) .(2) . JEYD (BTO) () 2011. 11. 11. . 28) .- -26) , , (, , , ), , . 27) . 28) 2004. 2-128-*()10,804= 9190+1,614, 81%*= 25%+ 75%* 60* 30* 4%*(IRR)29)=() 7.26%( 6.37%), 11.55%(10.627%)* (, , )=28,177*(, ) =1785* 3729, 183, 86.6 , (=, +) 18,552, (, , )=31,576=> 13,024 6.372% 7.264% .30)

(3) 29) IRR(InternalRateofReturn)(cash flow), . (r%), IRRr, .30) 13000 9190 41%6030 . -129- BTO 2000 , 2007 . 2008 132bp ,BTO . 2007 2008 15, 2009 8 . 2-130-3. (BTL) . (BTL)

< > < > ( ) ( ) , , , () ( ) () 90 30 () () , () , () 1 () () Monitoring() -131-. BTL /( )/(SPC) (Stockholder)(, ), , (Lender)(, ) , , . BTL (1) BTL . BTL BTO (-) . ((Net Cash Flow) ) = (Cash-Inflow) 31)( +)+32)+ - (Cash-Outflow) 33)(=+34))31) .32) BTL.33) , , (, , , ), , . 2-132-. () 35) , , , ( :) . , 3 . = a. (-)+ b. + c. . b. GDP , c. 36)+[] . 37) + [] . 5 , [] , .34) BTO BTL . 35) . =1(1+)-()36) : 1205 3[AA-] ,[] : . 37) 5 5 5 5 5. [], . -133- ()05~07 08 27 100(A) 8.37 8.37 167.36 -(B) 2.34 4.93 69.67 (40)(C) 3.51 7.39 104.51 (60)(A-B+C) 9.54 10.83 202.19 -(2) 20 ()4%5.5%100 2/ (05.1.1 )3/ (05.1.1 ) = ( - ) + * EXCEL5.5%,20,100=pmt(5.5%,20,100) * (3) -38)38) [][] . 2009 20097. 2-134-BTL [] [] . BTL 2008 63 () 20bp, 2009 62 40bp 2 .3 (MRG) 1 1. (MRG) BTO BTL . BTO 39) .(MRG, Minimum Revenue Guarantee)BTO 40) 39) BTO BTO, BOT BTO. -135- . BTO (MRG,Minimum Revenue Guarantee) . 1998 . . . 1999 . 2012.10.4. BTO 1) 2011 20,905 , 2) 2011 2,226 2 3,131 41). 1999 40) .41) 2012.10.9.() , 8 2-136- BTO 2006 , 2009 42). 43). ( ) . . 2. BTO . () , , . BTO 42) . MRG (MRG). . 43) 90% 90%.[vs. ] 482, , 30 , . -137- .2 (MRG) 44)1. 1999(1999.7.9.) : : . , - 90%( 80%), 110%( 120%) - , , ( : 60%, 70% 140%, 130% )2. 2003(2003.5.) : - - - 15 , - 5 90% 80% , 44) . 2-138- , 610 80%, 1115 70% , 610 70%, 1115 60% - 5 110%, 120% , , 610 120% , 1115 130% , 610 130% , 1115 140% - 50%

- , , - 1 - - , - - 5 ( ) () , -139-3. 2006(2006.1.18.)-2006-1 5-2. : * 06 - - - 10 , - 5 75% 5 65% - 5 125% , 5 135% * , - 50% - , , 40% (ROE) - - 1 - - - 2-140- 5 ( ) () , 4. 2009 (2009.10.6.)- 2009-162 MRG(2 8-2) , 45) - , - MRG * ** * 50% * , IC , - MRG - MRG (2 5-3) (MRG) 5-3. ( :BC 1.1 ) . . 50% . , 45) MRG. 90% 80%, ~ 90%82%,~ 90%77%. -141- . . [ -1] =2 11(1+)-()1 5 5. 5 52 = - 1 , . , . .5. 2012 (2012.2.15.)- 2009-162(MRG) ( (332) 51) () MRG *11 2.4 (05 1,30508 3,13611 5,766) () MRG , (, IC, ) , MRG () MRG , () 6. . . 2-142-(MRG) 991 20035 200612 0 0 9 10 15 10 90%80% 5 80~90% 6~10 70~80% , 11~15 60~70% 5 75% 6~10 65% - 50% 50% 2009 10 . (BTO) (2006.1 , 2009. 10 ) . . ( ) (MRG) ( , ) . BTO . BTO -143- (MRG, Minimum Revenue Guarantee) . ( ) , 46). . . . 46) () . . 2-144-3 (MRG) 1. . [2012.4.15][10599,2011.4.14,]53()47) . [ 2011.8.4.][2012.7.22][23966,2012.7.20,]37() 47) 1999 . [ 1999.7.1] [ 5835, 1999.2.8, ] [ 1999.8.9] [ 5891, 1999.2.8, ]53 () . [ 1999.4.1] [ 16220, 1999.3.31, ] 37 () 53 1 .1. 2. 3. 4. ( ) 5. 15 2 5 7 . -145- 53 . , 300 .1. 2. 3. 4. ( ) 5. 6. 15 2 5 2 5 .[ 2011.11.4]. . 53 37 , ( ) (1999. 7. 9. 1999 ).- - 1999(1999.7.9.) : : . , - 90%( 80%), 2-146- 110%( 120%) -, , ( : 60%, 70% 140%, 130% )

2. (MRG) . 53 , . 53 37 . 37 1 4 . 37 1 4 . ( 80~90%) . 1999 , -147- . .. (MRG) ( 40, 75 95)48). , ( 2004.10.28. 9991 ).49) . 75 , 48) (00101987.10.29 )40.75.95.49)2004.10.28.9991,162,10423 2. 4075, 95, , , , , . , , . . 2-148- 50) . 1999 , . ? 53 37 . , 53 . 37 . 53 51). 50) 75 . 75, , , ( 2000. 1. 27. 9923, 12-1, 62-74).. 51)2005.12.22.200464:.254 , 25 1 2 254 12, 12. 254, -149- . . 25 4 , ( 2005. 12. 22. 200464 ) . . , 53 . , , 37 1 4 . . , . 254 .. 2-150- 37 1 4 . MRG 2009 . 53 . .. (MRG) (1) 52 37 , . . -151- .(2) 7() , ( ) . . 1 , . .[ 2011.8.4.]5() 71 ( "" ) . ( ) . 10 31 .

(3) 52) . . , 52)2007.01.25200412063, 2-152- . .- -2007.4.12. 20051893 [2007.5.15.(274),711]

, , , . 53) ( 1999.05.24 ( 5982) ) 102() 20 . . 1 ( ) 68 . 1 , . 15 . .[ 1981331]11() 1021 . , -153-(2002.2.4.66552)191,, .

(4) . ? . , , . 2. 2 . , 2.1. (. )2. 212() 11 () . . , . () . 1 . 1 . 1. 2-154- 54) 55). ( ). 56). . . 53 37 54) , , , 2010.5. 5955) , .56) . . -155- . ? 53 37 57) . .

3. : 90% . 37 1 4 ( ( ) ) - 90%( 80%) ? ( ) 57) 2(6), . 2-156- 58) .

4 BTO 1. . 2009 BTO 2 ? 2009 . .

2. BTO BTO BTO . BTO 58) , , , , , 3( 1999. 3. 9. 9819070 ,2006.6.9.200446,2008.1.17.200610931 ). . -157- ((Net Cash Flow) ) = (Cash-Inflow) (-, )- (Cash-Outflow) 59)( =+ ) . . (P, Price) X (Q,Quantities) = (R, Revenue) , 60) (Q)( ) . BTO . . vs . , (WACC)61) . 59) , , (, , , ), , . 60) . 61)(WACC,WeightedAverageCostofCapital). 0 [(1-1) /L[ -[ (1-L)[*0:,/:(=):(=),1:L:(=/) BTO (VFM)(5.5%, ). VFM ( , , ). 2-158- 2010 100,000,000,000(2000 )90,000,000,000 150%(=*) 153,000,000,000 90% 137,700,000,000(=-): 15,300,000,000 .

3. (MRG) .BTO . (%) .] ( 80%, 90%) , . -159-4. BTO BTO . 2-3 ( ) 90% 62). BTO . (refinancing) . (refinancing) 63).62) (MKIF) :2004() 215 151,745(), 13,000(25%), (2) 338(), 89(24%) 1000 172,700(2004.8.27.() ).63) . , 2-160-5 (MRG) ?

, , , (BTL) . . BTO ? . MRG . . . 64)., . . 50:50 5288 . 1. , 2. . 3. () .64) . , . ? . MRG (trade-off). () () . () -161- . . , 1999 , ? (equity) (debt) . , . . (DecisiontoInvestaand PFI) . . ? . 2-162- 53() . [ 2011.8.4.] 53() , , . 1. 2. 65) .

4

. ? .65) % . -163- 3. 4. ( ) 5. 6. 1 6 . 37() 53 ., 300 .1. 2. 3. 4. ( ) 5. 37() 53 2 300 . 53 1 ( ) ( ) . , 100 50 . 2-164- 6. 15 2 5 2 5 .[ 2011.11.4], .()= 1(1+)-() . : 5 5 . 5 5 : - -165-1.1 (, 2011.5 ) 2-166-()()0102030405060708091011 01. 130(20)13,346591 - 1,636 795 874 710 763 900 950 690 7,90902.1230(20)14,028- - - 404 386 390 404 390 472 502 484 3,43206. 230(20)19,511- - - - - - - 668 478 576 567 2,28906. 730(20)14,712- - - - - - - - 63 144 416 6231-104. 650(20)1,013- - - - 7.6 0 25.3 52.1 74.4 42.7 48 250.11-204.150(20)266- - - - 0.2 1.4 0 7.4 25.9 12 12 58.907. 330(30)40,310- - - - - - - 1,040 1,645 1,188 1,322 5,19508.1230(30)11,319- - - - - - - - - 317 280 597 09.130(15)10,961- - - - - - - - - 0 69 69 09. 730(10)8,078 24 15 39 09.130(15)8,56992 009. 830(15)14,296 36 165 2012-108. 450(15)2,544 - 117 117010109. 750(15)2,579 - 20.5 20.5() - 591 -2,0401,1891,2651,1392,9213,6583,7924,31020,9052. () (, 2012.10.4. )(1120,905) -167-(:)()01020304050607080910112107.730(15)1,731- 62 - - 116 150 6 134 153 201 133 95504.130(30)1,402- - - - 154 92 81 64 50 37 47808.530(30)1,784- - - - - - - - 52 46 9808.730(30)2,527- - - - - - - 58 119 94 271909.830(15)10,404- - 131 293 424() 0 62 0 0 116 304 98 215 275 553 603 2,226(112,226)BTO (MRG) -1-((),)BTO (MRG) -171-BTO (MRG) 1.- -(() , )1. 1) . , . 1999 , (SOC) , (MRG) .1)1 1 ( 1 )-172- 2012 , (MRG) . (MRG) 2009 , . , (Nonrecourse Project Financing) , , .2. . , . // . BTO (MRG) -173- , ., 2) , . , . . , . (PM3)) . . , . 2)1(),2(),3() , 3)ProjectManagement 1 ( 1 )-174-, . , . , // . , 4) . . . // , .4)(ManagementByObjectives,MBO):,MatrixSystemBTO (MRG) -175-

. 1( ), 2(), 3() , 1( ) . 1 . . 1 , / . 13 3 . , 1 5),, 1 ( 1 )-176- . , 1 , , . , . , 6) . .2 . . . (PM) AMEC .6),.BTO (MRG) -177-

3 , . , . . . . 1 ( 1 )-178- . . 1 . () . . . OECD , GDP .7)

? . , 7);,,BTO (MRG) -179- . .LH , . 140 100 . 2014 250 . , . . 3 , 8 . 8) 8), 1 ( 1 )-180- , .3. . 13 . () . , . , . MRG . . BTO (MRG) -181- . ( ) 1 , , , 2 . . , . MRG . 1 . , MRG . MRG . , MRG . 1 ( 1 )-182- . (Benefit) , MRG 9). , AMC10) . (Know-how) , AMC 11) . AMC AMC . , . , .9)MRG ()10)AssetManagementCompany11)AMCBTO (MRG) -2- ()BTO (MRG) -185-BTO (MRG) 2.()1. . 1 , 2 , 3BTO 4 , . , . BTL . BTO . 1 ( 2 )-186-2. BTL BTL , . BTL , , , . BTL .( : ( ) [2009. 6. 26]- [2007. 10. 31 / 2009. 1. 31]- [2007.10.31]- [2007. 3] )

BTO (MRG) -187- . , , , . . , . , , . , .3. BTO . 1 ( 2 )-188- . , , 30-60% 2000 . . , -, 1.5-2 . 2000 1.1 . . MRG . 65% . MRG . MRG BTO (MRG) -189- . MRG () , , .. , . 53 . , . 37 1 4 . . 1 ( 2 )-190- . , .BTO (MRG) -3- ( )BTO (MRG) -193-BTO (MRG) 3.--()

1. . 2011 78 487. 20032 20079 6,627 201139,573.BTL 20052,82020062 8,251 10 2007 53,926. 200720093268,9772011 34.5%. 1 ( 3 )-194-: 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011BTO 23,696 45,589 50,116 60,679 37,956 42,701 60,934 31,380 18,911 27,424BTL - - - 2,820 28,251 53,926 28,470 51,566 47,330 12,149 23,696 45,589 50,116 63,499 66,207 96,627 89,404 82,946 66,241 39,573 180,285 225,874 275,990 339,489 405,696 502,323 591,727 674,673 740,914 780,487[1]):**2005(0.5) 0.2 :e-, ()[1]BTLBTL .2007,2009, 2010BTLBTO.BTL 53,926,51,566,47,330 BTL. BTO (MRG) -195-. 2012 2012492, 63 . 232, BTO75, BTL 157 2.6 3.7. 1.2.(:,) '12 232 49.2 6.3

128 21.7 5.1 55 15.4 1.2 31 7.1 - 18 5.0 -

BTO 75 34.1 2.6BTL 157 15.1 3.7

179 45.1 5.5 (93) (30.6) (2.9) (86) (14.5) (2.6) 53 4.1 0.8[2]2012 :(2012-72) ) = + = + + 1 ( 3 )-196-(:) 497,768 399,962 97.807 19.65% 255,2402006 - - - - -2007 492 414 78 15.85% 102008 2,182 1,812 370 16.96% 1032009 4,796 3,915 881 18.37% 4062010 7,852 6,460 1,392 17.73% 1,2152011 11,600 9,531 2,069 17.84% 3,1982012 15,140 12,504 2,636 17.41% 5,4992013 18,769 15,601 3,168 16.88% 8,1622014 21,317 17,700 3,617 16.97% 9,8862015 22,796 18,882 3,914 17.17% 11,0532016 24,080 19,884 4,196 17.43% 12,224[3](BTL)2. . (BTL) 20~30. . . -20142029 16 2. .BTO (MRG) -197-2017 24,569 20,195 4,374 17.80% 12,6812018 24,696 20,195 4,501 18.23% 12,7222019 24,743 20,116 4,627 18.70% 12,7652020 24,818 20,046 4,773 19.23% 12,8082021 24,539 19,776 4,763 19.41% 12,4792022 24,681 19,776 4,904 19.87% 12,5222023 24,819 19,776 5,043 20.32% 12,5662024 24,967 19,777 5,190 20.79% 12,6122025 25,127 19,777 5,350 21.29% 12,6582026 25,226 19,742 5,483 21.74% 12,7062027 24,863 19,329 5,534 22.26% 12,7452028 23,154 17,964 5,190 22.42% 12,6962029 20,301 15,853 4,449 21.92% 12,4442030 17,265 13,531 3,734 21.63% 11,6532031 13,556 10,661 2,895 21.36% 9,9922032 9,757 7,676 2,082 21.34% 7,5492033 6,026 4,684 1,342 22.27% 4,7532034 3,329 2,600 730 21.93% 2,9462035 1,829 1,417 412 22.53% 1,7192036 478 369 110 23.01% 465. 1) - 9 17% 3 1), 21 13,000~16,000 7%.-28.4%, 21.9%. 1),2012.10.11 1 ( 3 )-198-2016, 101, 3025. . , , , . .(:,)(09) 1 (~) - 4,079,396 176,358 340,225 50,000~102,000 80016,000(20) 839,204 146,180 205,849 32,000~72,000 85025,000(30) 431,008 79,049 126,421 45,000~62,000 1001,000(10):-(.2011.11.1)[4]2)-, -, - 70%. -50%, , - 50% . MRG. 8000.BTO (MRG) -199-(:) (km) 11 (%) 40.2 9500 14,602 54.0 7,909 0130- 81.0 9702 17,297 61.2 3,432 0232- 82.0 0106 27,477 55.2 2,289 0636 36.3 0107 22,792 91.8 623 0636- 47.2 0108 14,777 48.9 597 0838- 61.4 0409 21,833 80.3 201 0939- 22.9 0509 15,256 79.3 39 0939 12.3 0509 15,201 67.8 69 0939- 38.5 0509 16,415 81.2 92 0939[5] * , MRG 12 :-, 2 (2012.10.5). BTO. . -100% , 98.7%6 50%. . 1 ( 3 )-200-(:%) 51.00100.0 49.00 88.8098.7 9.90(-) 86.00 86.0(MRG)KIAMCO 57.8080.0 22.20 59.08 59.1(MRG)KIAMCO1 31.4850.0 13.52 20.30 20.3(1-1) 10.0020.0 10.00(1-1) 10.0020.0 10.00 10.0020.0 5.00 5.00(1-1) 15.00 15.0(3) 15.00 15.0(MRG) 10.28 10.3[6]

: ,KIAMCO 20125:(. 2012.5)BTO (MRG) -4-( )BTO (MRG) -203-BTO (MRG) 4.() 1. . (MRG) . . , , , . . . 1 ( 4 )-204-2. , . . KSP() , . . . UNCITRAL .UN United Nations Commission on International TradeLaw: UNCITRAL)198619 1993 6 (UNCITRAL Model Law on Procurement of Goodsand Construction) . BTO (MRG) -205- ( , , 43 2, 2009 ). 3 , , . 6 . 1994 7 (UNCITRAL Model Law on Procurement of Goods, Construction andServices) .26) 2000 UNCITRAL (Legislative Guide on Privately FinancedInfrastructure Projects) . .UNCITRAL 2003 (Model Legislative Provision on Privately Financed InfrastructureProjects) . 2000 . (government support) . 1 ( 4 )-206- , . . , , , (sovereign guarantee), , , . . . . . (cross-subsidy) . . , . UNCITRAL BTO (MRG) -207- , . . . . . . . . . , . . 1 ( 4 )-208-3. . . . 37 1 4 , . 37 1 .. ... . UNCITRAL . . 4. . . .BTO (MRG) -5- ( )BTO (MRG) -211-BTO (MRG) 5.()1. - ( ) . . (BTO) . ( ) . 2( ) , , . ( ) , . . 1 ( 5 )-212- . , . 2. . 1) : 2) :( BTO )3) : 15, 1 4) : 2005. 12. 16. ~ 2010. 6. 25. ( 54.3, ~2009. 6. 15.)5) : (30 705, 2001. 12. 31. )6) : 1 127 ( 6,354, 3,773). 1) () 2004. 7. (BTO) , 2005. 11. 2010. 6. BTO (MRG) -213-2) 2010. 12. , , 30 3) () 4) () 2010. 12. 2011. 2. (ICC) 5) , 3. . 1) . 39 . 39 (39 1 8).2) , , , , , 1 ( 5 )-214- , . BOT .3) (MRG) . .. 1) 1996. 12. 29. () 2001. 9. 5. () . . 1 .2) . , . . .BTO (MRG) -215-. 1) 2001 . 2004. 7. , 2005. 12. .2) , . . . .3) 2001 , , . .4) . 1 ( 5 )-216-. 1) 2002. 7. 2. , , 1 , 6 () . 1 .2) . .3) . 2003. 11. 6. 15 1 3 . 3 16.98% . 1 . . .4) , (MRG) BTO (MRG) -217- .. () 80% . 2012. 1. . 196 . .. . , (MRG) . MRG . MRG , ( 44p. ). , . 1 ( 5 )-218-4. 1). 1) , ) , .) .) 3 , .2) 17 ()) 17 , .) 17 2 4 1),. BTO (MRG) -219- .) , 16 .3) ) 404 , , , .) .) (1) 1995. 9. 5. 9522917 , 1 ( 5 )-220- .(2) 482 12) , .) (1) 1992. 10. 27. 91483 .(2) 48 2 1 , .) , 17 .2)4821,,.BTO (MRG) -221-. 1) 2) ) 1 2 3 C() 4 C() 5, 6, 7, 8 () F, H, D3) - 4. . 3) . 1 ( 5 )-222-4) ) (1) 1 D B B 1 ( )(2) Ramp Up 300 Ramp up 5 5% 9 , .) () (1) 4 (2) 45 ( , 45 )) (),F, H, D()(1) () ( LH) BTO (MRG) -223- F, H, D 3, 3, 6 .. .5. . Ramp up LH 4 2 .. 1) 17 13) 3)1.602.134346 3.166 1 ( 5 )-224- , , , 17 4 4) 90 . .2) 17 1 . 16 1 , , , , 2 , , , , .3) ) 4.1664)1.11:60(163ekst.)2.12:3.13:4.14: BTO (MRG) -225- Ramp up (2002. 7.~2006. 6.) , 2006. 7. 7. 2009. 5. 30. , 2004. 2. 2012.11. .) (1) Ramp up Ramp up .(2) 2011 () , , .4) ) 16 1 1 . 1 ( 5 )-226-) . . , .5) . . , , .BTO (MRG) -227-. 2 1) 2 2 5) , .2) ) 39 1 8 . MRG , , .) .6)5)6),,200611.15.p.159 1 ( 5 )-228-) 38 1 8 . .) 2 . () 2011 2012. 6. 19. .. 4 1) 4 4 , , 7) .7).BTO (MRG) -229-2) ) () LH F,H, D 3, 3, 6 LH .) ., 108 43 2 .3) Ramp up ) Ramp up .Ramp up 5 . 5 9 , 1 ( 5 )-230- 3008) . .) 48 . Ramp up 9 48 .) . Ramp up 9 , .4) 8).BTO (MRG) -231-Ramp up 4 . .. 2 . 4 , 4 , .