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Working Group on Port Investment. 20 th APEC TRASPORTATION WORKING GROUP MEETING. Prepared by Japan. Presentation Points. Role of the Central Government and Public Sector Law and Regulation on Private Investment PFI System in Japan. Main Roles of Government on Port Management.
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Working Group on Port Investment 20th APEC TRASPORTATION WORKING GROUP MEETING Prepared by Japan
Presentation Points • Role of the Central Government and Public Sector • Law and Regulation on Private Investment • PFI System in Japan
Main Roles of Government on Port Management • National Port Policy • Authorization of Port Development Plan • Port Development Financing • Technical Standard • Check and Support on PMB Activities
Main Roles of Government on Port Management Body • Port Development Plan • Port Development Financing • Port Management / Operation • Port Promotion • Private Sector Participation
Types of Port Ownership P.M.B. : Port Management Body
Objectives of Privatization Merits • To Increase Efficiency and Productivity • To Reduce Public Expenditure • To Make Quick Response to the Market Needs Demerits • Pursuit of Private Profit than Public Service • Abuse of Regulatory function
Examples of Laws on Foreign Investment Build Operate Transfer LawRepublic Act No.7718 of 1994 in Philippines Malaysia’s Port (Privatization) Act of 1990 (Act 422) Korean Act 5654 on Private Participation in Infrastructure of 1998
Enforcement of the PFI Lawin Japan Sep.1999 Enforcement of the PFI Law Mar.2000 Notification of the Principal Policyconcerning Implementation of PFI Projects
Cargo handling facilities at container terminals Mooring facilities for pleasure boats Revetments for waste reclamation area PFI Incentives for Port Development *Low interest loan by DBJ *Exemption of the special land ownership tax
Process of PFI Project Proposal of Project Public/Private Establishment of Implementation Policy Public Selection of Specified Project Public Selection ofProject Promoter Public Conclusion ofAgreement Implementationof Select Project
Port Management by PFI P.M.B. : Port Management Body
Public Type Gantry Crane Transfer Crane Port Transporter Yard Control House wharf P.M.B Constructed by the public Public Use Constructed by the public(State) →Controlled by P.M.B committed by the State
PFI Gantry Crane Transfer Crane PFI Project Promoter Yard Control House Wharf P.M.B Constructed by the public Public Use Constructed by the public(State) →Controlled by P.M.B committed by the State
Kitakyusyu Hitachinaka Location
Image Kitakyusyu Port PFI Project Project site
Proposal on the Study To gather the examples on the private and/or foreign investments to ports for the convenience of the members concerned • The Collection of the Detail Examples of the Private and/or foreign investment Projects • The Analyses of the each Condition of Concession and/or Contract • To make clear the Standard Terms and Contents of Concession and/or Contract