Act for Promotion of Private Participation in Infrastructure Projects Article 51-1

After a major infrastructure has been in operation for an entire year, the authority-in-charge shall evaluate the operating performance of the private institution concerned at least once each of the operation years.For an infrastructure that is not a major infrastructure set forth in the preceding paragraph or has not been in operation for an entire year, performance of its operation shall be evaluated in accordance with the concession agreement.If the authority-in-charge rates the operating performance of a private institution as “good,” the authority-in-charge may give the institution the priority to extend the concession agreement before the expiration of the operation period. Such priority shall be given only once, and the extension period shall not exceed the term of the original concession agreement.The criteria for operating proficiency evaluation items under Paragraphs 1 and 2, the evaluation standards and procedures, and the method of giving good ratings shall be set forth in the concession agreement.