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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, Citizen Engagement, Internet Governance
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| Country: |
Korea (Republic of) |
| Created: |
Oct 15, 2013 |
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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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S. Korea: Gov't Spends 3.3 Tln Won on Covering Losses from Joint Projects with Private Sector 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
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