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Abstract ▼ AI-Helper

The purpose of this article is examined the tasks and future directions for the public and private partnership in public land development introduced in July 2007. A fact-finding survey was circulated to 240 companies selected upon recommendation of the Korea Housing Builders Association and the Kore...

The purpose of this article is examined the tasks and future directions for the public and private partnership in public land development introduced in July 2007. A fact-finding survey was circulated to 240 companies selected upon recommendation of the Korea Housing Builders Association and the Korea Housing Association and 134 companies responded. Results revealed that the following factors were needed for stable implementation of joint public-private land development projects: consideration should be given to special characteristics of participating companies, simplification of project implementation procedures and pace, and shortening of negotiation time. Moreover, it is proposed that equitable participation, efficient implementation, and fairness in selection of joint partners are essential prerequisites. The paper also proposes ways to encourage SPC and consortiums as methods of executing land development projects prior to having the competition between public and private sectors in addition to some proposals on how to overcome the difficulties of striking a harmony between the synergic effects(profitability) of joint development and cost-saving development(public interest).

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