Governance Issues Affecting PPP Processes

Good governance is needed for all phases of a PPP project's life cycle, and its lack in any one of these phases may result in a project failing. Figure 8.2 shows the major steps for the governance of PPPs at key project phases. The following section briefly looks at how governance issues affected a couple of high-profile infrastructure PPPs in the Republic of Korea at certain project phases.

Figure 8.2: Major Governance Issues for PPPs Project Phase

PPP = public-private partnership.

Source: Authors.