NO

ASPECTS

DESCRIPTION

1.

Legal and Regulatory Framework

Act on Promotion of Private Finance Initiative(PFI law) etc.

2.

Involved Government Agencies

PFI promotion Office of Cabinet Office, other related ministries, and local governments.

3.

Supporting Agencies

The PFI Promotion Corporation of Japan that supports PFI projects which collect user fees from users, was established in 2013.

- Japan Bank for International Cooperation (JBIC) provides various types of financial support to maintain and improve the international competitiveness of Japanese industries. To fulfill the purpose, JBIC has provided many project financings to PPP projects in APEC region where Japanese companies export machinery and equipment or Japanese companies have substantial equity investment.

- Japan International Cooperation Agency (JICA) has supporteddevelopinga PPP scheme in the APECregion as well as promoting PPP projects through technical cooperation, grant aid, ODA loans and private sector investment finance.

- Ministry of Land, Infrastructure, Transport and Tourism (MLIT) established a new government-funded agency"Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN)"for promoting PPP and other projects conducted abroad. The JOIN will encourage private companies to invest in such projects by making joint investment with themwith the investment capacity of $1B (FY2014).