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S. Korea: Gov't Spends 3.3 Tln Won on Covering Losses from Joint Projects with Private Sector
Source: english.yonhapnews.co.kr
Source Date: Sunday, October 13, 2013
Focus: Electronic and Mobile Government, Internet Governance
Country: Korea (Republic of)
Created: Oct 15, 2013

The government has injected about 3.3 trillion won (US$3.1 billion) over the past decade to cover deficits caused by large-scale infrastructure projects where the private sector participated, data showed Sunday.

 

According to the data provided by the finance ministry, the government spent 3.29 trillion won from 2001-2012 to compensate for shortfalls stemming from projects it pushed under the build-transfer-operate (BTO) and minimum revenue guarantee (MRG) schemes.

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