RISK MANAGEMENT INA LARGE-SCALE NEW RAILWAY TRANSPORT SYSTEM PROJECT Evaluation of Korean High Speed Railway Experience-

摘要

Risk management experiences of the Korean Seoul-Pusan high-speed railway(KTX)project since the planning stage are evaluated. One can clearly see the interplay of engineering and construction risk, financial risks and political risks in the development of the KTX project, which is the peculiarity of large-scale new railway system projects. A brief description on evaluation methodology and overview of the project is followed by de- tailed evaluations on key differences in risks between conventional railway system and high-speed railway system, social and political risks, engineer- ing and construction risks, and financial risks.