The Asian Banker

Shinsei Bank makes investment in public-private partnership infrastructure fund
Oct 14, 2013

Tokyo, October 11th 2013 - Shinsei Bank, Limited (“Shinsei Bank”) today announced that it has made an investment with Private Finance Initiative Promotion Corporation of Japan (Chiyoda-ku, Tokyo: President and CEO: Fumiaki Watari) (hereafter “Public-Private Partnership Infrastructure Fund”) which was established through investments by both public and private sectors in order to support infrastructure projects by the Private Finance Initiative that utilize private funds.

The Public-Private Partnership Infrastructure Fund was established on October 7, 2013, through public-private investments by the government and private institutions such as financial institutions in accordance with the “Act on Promotion of Private Finance Initiative” (PFI Law) which was established in June 2013. In addition to providing funding to financially independent PFI projects, including projects through the public facility concession method*, the fund will provide necessary information and expertise to PFI project operators. Shinsei Bank will provide human resources to this fund in addition to investments already made.

The active use of PFI/PPP (public-private partnership) in the field of infrastructure is included in the growth strategies that the government finalized in June. Shinsei Bank is increasing its undertakings in infrastructure finance in accordance with the Institutional Business strategy of the Second Medium-Term Management Plan and looks to actively contribute to the maintenance of social infrastructure in new ways from the standpoint of a financial institution by not only investing in public-private infrastructure funds but through the deployment of human resources as well.

*A method that does not transfer ownership of a facility, but grants the right to manage infrastructure to private business operators over an extended period of time.


Re-disseminated by The Asian Banker

Categories: Transaction Banking
Keywords: Shinsei Bank

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