민간투자사업 실패요인에 관한 연구 - 용인, 부산-김해, 전주 경전철 사례를 중심으로 -

This paper focuses on the failures of the SOC　transportation construction projects which have become a growing issue in the Korean local self-governing system. This study sheds light on the common and critical factors on failures by comparing the policy processes of three important cases: the Light Rail Transit (LRT) construction projects in Yongin, Busan-Gimhae and Jeonju. In all the three cases, political influence of the heads of the local governments and the exaggerated demand estimation made by demand-prediction institutions acted as very important factors, respectively as a internal policy factor and as a policy-formation factor. In order for a policy to succeed, this research implies, continuous feedback and effort at modification are essential in policy procedure. It is necessary to complement legal and institutional frameworks such as check and surveillance on the authority of heads of local governments. Also government has to create circumstances where private enterprises can effectively run their businesses because private-public cooperation may not always effectively work. By understanding the causes of failure in transportation infrastructure businesses which have been somewhat neglected thus far, we expect to find clues to policy modification and learning to minimize policy failure in about a hundred of light rail businesses that local governments have planned and proceeded.