Enforcement Rules of Act for Promotion of Private Participation in Infrastructure Projects Article 29

Before executing the private participation in an infrastructure project planned by the government, the authority in charge shall conduct the pre-evaluation of the infrastructure project in order to understand the nature of the case.When conducting the feasibility assessment according to Article 6-1 of the Act, the authority in charge shall, based on the types and details of the public interest to be promoted and the targets to be achieved through the infrastructure project, adapt a perspective of private participation and carefully evaluate the feasibility of private investment regarding the benefit of private participation and government participation, market, technology, financing, laws, land acquisition, environmental impact, threats to national security and information security concerns, and suggestions given or oppositions raised in the public hearings, as well as draft the feasibility assessment report. If the suggestions given or oppositions raised in the public hearings are not adopted, the reasons shall be stated in the feasibility assessment report.The feasibility assessment report specified in the preceding paragraph shall be reviewed by experts in the relevant fields and shall be published on the information network of the authority in charge after passing through the review but before posting a public notice inviting private participation. The publication period shall be no less than 10 days.