Finance Operation Plan on Transportation Sector

Transcription

1 :: Metropolis Commissions 4 and 2 Meeting in Seoul Finance Operation Plan on Transportation Sector 0 SMG l. OverviewO view of Seoul Overview Area : 605km 2-0.6% of the national territoryg (Seoul Metropolitan Area : 11,738 km 2 )G Population on : 10.35mil - 21% of national populationg (Seoul Metropolitan Area : mil) Administrat nistrative DistrictsD Dongs in 25 Kus (wards) Change in the Metropolitan Area Population Municipal budget thousand 30, tril 921 bil KW (16 bil USD) G Metropolitan Seo ul 25,000 Incheon Gyeonggi 07 Mun Major NotesN G 20,000 - World leader in electronic administration 15,000 - Host city of 2002 FIFA World cup 10,000 5, SMG 1

2 l. OverviewO view of Seoul Infrastructure & Traffic Conditions Infrastructure - Roadway : 8,067km (Road Ratio : 21.8%), Subway : 362.0km - Median Priority Lane : 67.9km, Bicycle Road : 648.8km - Parking lots for residents : 2,808 thousand Concentration of Population in the Seoul Metropolitan Area & Drastic Increase of Traffic CongestionG - Daily trip : 31,387,000, Number of veh. : 2,857,000G (Seoul Metropolitan Area 7,330,000)G - Average travel speed 22.9km/h (CBD: 14km/h) Number of Registered Cars Travel Speed (km/h) 8,000,000 Metropolitan Seoul 40 7,000,000 Inc heon Gyeonggi 35 6,000, CBD non- CBD Bus 5,000, ,000, ,000, ,000, ,000, SMG II. Major M Seoul s s PubliP blic Transport Reform Strategies 1) Quasi-public operation s 2) Trunk and feeder routing s 3) Demand responsive scientific operation & management 9) Citizen s Committee For Bus S Reform 4) Expansion of median bus lanes 5) Transfer centers and stations 6) High quality buses New buses July 1, 2004 Monitoring & Adjustment 7) New Public Transportation S using IT 8) Improvements in fare s Enhancing Customer Satisfaction 3 SMG 2

3 II. Major M Reform of the e bus operation s Joint management of revenue pool Bus route s Trunk/Feeder lines Inter-regional lines Circular lines 4 SMG II. Major M New transportati tation card s Non International Standards: lack of interoperability and flexibility Memory card type G lack of security functioning merely for fare payment International Standards ensuring interoperability Smart card enhancing security offering multi-functional services E-Money as a general payment method Banking Public sports facilities transportation Medi care Travel reservation Entertainment Shopping 5 SMG 3

4 II. Major M Median bus lanes 6 SMG II. Major M Accomplishments Increase in bus passengers Increase in fare revenues Decline in bus accidents Citizens satisfaction social benefits $ 1.4 billion by next10 years 7 SMG 4

5 II. Major M Direction of Transportation Policies Public Transportation oriented Seoul Transportation Projects Public Transportation Travel Demand for Air Quality Improvement Service Enhancement Management 8 SMG II. Major M Transportation Projects for Air Quality Improvement Expansion of CNG Bus Operation - CNG Bus Operation Plan (8,739 by 2010 intra-city bus, localg shuttle bus, cleaning car)g - CNG Station Expansion (51 by 2010) Promotion of Low Polluting Vehicles - Hybrid cars, CNG cars, etc. - Pilot operation of bio-diesel carsg (cleaning car, construction facility, etc.)g Pollution Lowering Devices for Diesel Vehicles - DPF/DOC installation, LPG engine renovation, early scraping of old cars Operation Restriction of Old Diesel Vehicles - Agreement of 3 cities/provinces in the metropolitan area (Dec. 2006) - First implementation from 2009 (3.5+ ton for 7+ years) 9 SMG 5

6 II. Major Transportation Me Public Transportation Service Enhancement Light Rail Transit Construction for Areas of Insufficient Transportation ServiceG Promotion of Traffic Improvement Project for Metropolitan AreaG - Establishment of the metropolitan area BRT, expansion of large area rail network, etc.g - Integrated Bus Fare S between Seoul and GyeonggiG Bus-oriented Infra Improvement & Maintenance - Installation of Median Bus Lane, Extension of transportation center, etc.g Improvement of Public Transportation EnvironmentG - Installation of subway screen doors, improvement of subway air qualityg 10 SMG II. Major M Travel Demands D ManagemM anagementent Comprehensive Me for Taxi Industry Revitalization - Expansion of the Business Taxi, Revitalization of Brand Call Taxi - Customer Service Improvement such as Introduction of Card Payment S, etc. Expansion of Bicycle Facility - Establishment of Bicycle Lane Network for CommunityG - Expansion & Advancement of Bicycle Use FacilityG Urban Expressway Traffic Management S - Gangbyeon Expressway, Olympic Expressway, Gyeongbu Expressway, etc. Revitalization of Private-Sector Travel Demand Management No-Driving Day Once a Week Campaign, Car-free day in Seoul 11 SMG 6

7 III. Financia Operation Principles of Financing Improvement of Financing soundness - Consistent promoting non-tax incomes for stable financial support - Focusing on financial investment & loan funds, minimizing municipal bonds - Result-oriented financial operation s establishment Effective Financial Distribution - Strategic financial distribution to increase jobs and productivity - Increasing investment for poorly advanced regions - Clarifying main roles of public businesses to minimize unnecessary financial expenditure Introduction of Business Management Means to control Financial Expertise - Establishment of Mid-term financial plan - Investment Evaluation to guarantee transparent adjustment - establishment of the financial operation basis 12 SMG III. Financia Settled Revenues & Expenditures (2007) Local share tax 2% Subsidies 9% Local borrowing 4% Support for others 35% Reserve Fund 1% Social Welfare 15% Road & Transportation 15% $16.4 billion $16.4 billion Non- tax revenues Local tax 32% 53% General Administration 3% Industry & Economy 2% Cultural Revitalization 2% Housing & Urban Management 6% Environment Presevation 15% City Safety Management 6% 13 SMG 7

8 III. Financia Analysis of Expenditures billion won billion won 18,000 6,000 16,044 16,000 TOTAL 5,000 14,000 12,000 4,000 social welfare 10,000 2,936 3,000 8,000 2,533 Road 6,000 2,000 2,171 transportation 4,000 1,000 2,000 Environmental preservation Consistent increase in social welfare and environmental areas, staying at around 15% for road & transportation sectors 14 SMG III. Financia Settled Revenues & Expenditures (2007) Local borrowing 24% $2.5 billion Funds borrowing 13% Transferred from 16% wide area transportation 7% parking 4% Transportati on facilty 2% freight 1% others 5% $2.5 billion subway 31% others (local tax) 28% State subvention 14% cause charging 4% Rents & fees 1% road 25% bicycle 1% taxi 12% bus 12% 15 SMG 8

9 III. Financia Analysis of Revenues Transportation-related Taxes : $386M - Transportation tax : national tax Collection of taxes for the purpose of securing funds for transportation facility expansion such as road and rails [$0.6 per liter [gas] /$0.4 [diesel] 1996~2006 transportation tax, revision to transportation environmental tax from Motor fuel Tax : local tax tax on gasoline and diesel added to traffic tax [21.5% of traffic tax] Distribution for each self-governed organizations according to the tax for non-business passenger cars - Urban planning tax : national tax Taxes on lands and structures within an area for financing urban planning businesses[1.5/1,000 of the standard price of lands and structures within planning areas] 10% of collected taxes to parking lot construction & operation expense 16 SMG III. Financia Charge for cause providers : $96M - Congestion charge : $14M Charging to car users for smooth traffic in CBD, improvement of Air Quality, and efficient use of traffic facility 2,000 won to private cars with one or two passengers at Namsan 1 st and 2 nd tunnels since Traffic Inducement Charge : $71M Social, financial charge to owners of facility causing traffic congestion Once a year charge to facility of 1,000+ m 2 according to the size and usage - Wide-area facility charge : $10M Charge to developers of housing for wide-area transportation facility installation within the metropolitan area Charging according to the development scale and standard development expense [construction expense] National subsidy : $336M - Support for subway construction, wide area traffic facility installation 17 SMG 9

10 III. Financia Analysis of Expenditures Construction Sector : $1,448M - Subway Construction : $775M - Road Construction : $608M - Transportation Facility : $48MG Wide Area Transportation : $159M - Transfer Center, Transfer Parking lot, Large-scale Road, Large-area rail, etc. Bus-related Business : $293M - Median Bus Lane Expansion, Financial Support for Bus companies, etc. Taxi-related Projects : $304M - Brand Taxi Expansion, Introduction of Taxi Card Payment S, etc. Parking related business: $105M 18 SMG III. Financia Challenges The finance-dependent project promotion structure - Insufficient result of private capital promotion results : parking lots(25), Mt. Wumyeon tunnel Under progress : Subway Line 9, Gangnam Expressway (1.3%) Public Transportation - Low rates of cause provider charging (4%) 1,400 [4.7%) Insufficient support of national subsidy Traffic Operation 1,200 (15.7%) Wide Area - Only 11.9% of the total budget Transportation Facility (1,333 billion ( 06~10)) 1,000-94% of the subsidy to rails and wide area 800 transportation facility investmentg Only 0.9% of the budget to Public Transportation sector -ssupport [78.2%] Subway Construction 0 19 SMG 10

11 III. Financia Facility-oriented Financial operation - 60% of the total transportation-related budget to infrastructure facility such as subway, roads, etc. - Support for operation of taxi, bus, parking lot, bicycle, etc. is relatively insufficient 9 Worsening Financial Structure due to irrational Financing S 9 New ways of Financing needed 9 Efficiency in Finance Operation needed 20 SMG IV. Financial Support Plan to Secure MobilityM General Direction Re-establishment of the financial procurement structureg (Securing publicity and efficiency)g - Strengthening of the cause-provider and beneficiary charging principle Bene neficiary Charging subsid idy loan expenditure New financial procurement method development - Securing of various financial arrangements such as private capital, foreign funds, governmental subsidy, new tax collecting areas, etc. - Diversifying financial business centered promotion methods Efficient use of financial resources - Minimizing facility construction, Promoting efficient use of Facilities - Preferential investment on sustainable transportation areas [Public Transportation, pedestrian, bicycle, etc.] 21 SMG 11

12 IV. Financial Support Plan to Secure MobilityM Fund securing Plan Adjustment of the fund securing structure - Strengthening of the cause-provider charging principle, searching for new local tax collecting areas Strengthening of cause-providers charging in such ways as expansion of congestion charging, increase of traffic Inducement charging, etc. Finding new tax collecting areas concerning traffic and environment : Public Transportation tax, environmental tax, etc. Securing omitted financial resources : me on unpaid tax, etc. 22 SMG IV. Financial Support Plan to Secure MobilityM billion - Request for expansion of national 3,000 governmental subsidies 2, % of the total investment to the road and traffic sector 2,000 Local expenditure national expenditure => 20% or more 1,500 2,199 2,016 1,998 - Reforming fare policies 1,000 1,758 2,087 Public Transportation fare, toll, 500 parking charging in terms of the price % level Developing new financing methods - Promotion of private sectors participation in traffic facility Diversifying private businesses and methods of promotion [introduction of BTL] Road, parking lot => light rail transit, transportation center, etc 23 SMG 12

13 IV. Financial Support Plan to Secure MobilityM Promotion of private investment on traffic facility offering advertisement space Bus shelter, screen door, Taxi Bay, etc.g - Developing and opening the capital marketg Active promotion of foreign capital investment Expanded use of national governmental funds Other ways - Securing of funds by means of existing properties Selling traffic facility management rights, expansion of private commissioned operation 24 SMG IV. Financial Support Plan to Secure MobilityM Improving Finance Operation Efficiency Finding ways of better use of existing facilities - Focus on ITS projects preferentially to improve mobility Preferential Investment to Sustainable Transportation - Investment to Eco-Friendly Transportation such as Public Transportation, Pedestrian, Bicycle related projects 25 SMG 13

14 V. ConclusionC Future Plans Bench-marking through international exchange of experiences - Various promotion cases using private capital, etc. Researching on mid- & long-term Financing Methods - Securing mid- and long-term financing resources and rational finance investment plans - Plans to renovate old subway facility financing me, etc. 26 SMG 27 SMG 14