- Welcome to the Public and Private Infrastructure Investment Management Center (PIMAC) at the KDI, a gatekeeper to public procurement and private infrastructure investment projects in Korea!
Originally established as an affiliated center of the KDI in 1999 in order to conduct the then newly-introduced Preliminary Feasibility Study (PFS) on large public investment, the PIMAC has expanded its mandate in 2005 to cover the role of appraisal and management of Public-Private Partnership (PPP) projects on infrastructure. Since then through excellent works, the PIMAC has successfully established itself as the leading national agency in the evaluation and management of public and private investment in Korea as well as a well-renowned global partner in the PPP management.
Currently, the PIMAC is regularly conducting project evaluations such as PFS and Re-assessment Study of Feasibility (RSF) on large public investments as well as Value for Money tests for PPP projects. Along with that, the PIMAC is also advising the Korean government in the areas of PPP project management and implementation by providing expert services. As a think-tank, the PIMAC is endeavoring to provide timely and policy-oriented research results, which can contribute to enhancing the efficiency of public and private investment, and maintaining networks with international organizations such as the World Bank and the IMF.
I hope that you can find useful information on the PIMAC’s homepage and look forward to having opportunities to work with you upon common interests.
Thank you.Executive Director,
Public and Private Infrastructure Investment Management Center Kiwan, KIM
An affiliated body of Korea Development Institute (KDI), PIMAC was established as a merger of Public Investment Management Center (PIMA) at KDI and Private Infrastructure Investment Center of Korea (PICKO) at Korea Research Institute for Human Settlement (KRIHS) with the amendment of the Act on Public-Private Partnerships in Infrastructure in January 2005.
- Areas of activities
PIMAC strives to enhance efficiency of national fiscal management.
Main functions of PIMAC include execution of Preliminary Feasibility Study and Reassessment Study of Feasibility on large-scale publicly-financed projects, for which comprehensive research is conducted on the basis of economic and policy analyses. As a think-tank, PIMAC produces various reports and policy recommendations on improving public investment system in Korea.
On the other hand, PIMAC supports the government in developing policies and plans on Public-Private Partnership (PPP) and in implementing PPP projects. PIMAC conducts Value for Money Tests and lends assistance in the designation of concessionaire. This is done through support in formulating Request for Proposals, evaluation of project proposal, and negotiation with potential concessionaire. PIMAC is also in charge of capacity building of public officials and provides managerial services for PPP database.
PIMAC, at the same time, develops guideline for and implements Preliminary Feasibility Study for projects procured from public institutions.