Public and Private Sectors Strengthen Safety of Infrastructure Such as Heat Transport Pipes and Communication Ducts

[Asia Economy Reporter Yoo In-ho] Private managers and private investment project operators will be able to manage and maintain private infrastructure such as heat transfer pipes and communication ducts more systematically.

The Ministry of Land, Infrastructure and Transport will implement the "Partial Amendment to the Infrastructure Management Act," which includes these provisions, starting from the 7th.

This amendment was promoted as a follow-up measure to the government's "Comprehensive Plan to Strengthen Infrastructure Safety," announced to proactively respond to aging infrastructure, such as the KT communication duct fire accident in Ahyeon-dong in November 2018 and the heat transfer pipe rupture accident at Baekseok Station in December 2018.

According to the amended law, private managers and private investment project operators are also defined as infrastructure management entities. To strengthen the management of private infrastructure with strong public interest, private managers and private investment project operators are included as management entities.

Loan support and the accumulation of performance improvement reserves for private managers will also be specified.

The state and local governments will be able to provide cost support in the form of loans for the practical maintenance of facilities under the jurisdiction of private managers, such as heat transfer pipes and communication ducts.

A system has also been established allowing private managers to accumulate performance improvement reserves to finance performance improvements of their facilities, similar to apartment long-term repair reserves.

This content was produced with the assistance of AI translation services.