Aichi Prefecture Toll Road PPP

Overview:

• Aichi Prefecture Toll Road PPP
• The concession was implemented by the Aichi Prefectural Road Public Corporation.
• The Maeda Corporation Group—a consortium led by the Maeda Corporation and consisting of Mori Trust, Daiwa Lease, Daiwa House Industry and Central Highway—was awarded a concession to operate Aichi Toll Roads, and syndicated financial institutions extended loans on a project finance basis to the concessionaire for the financing of the initial down payment of concession fees.
• The group offered a price of ¥138 billion for the concession rights to operate the toll roads.
• This was the first large-size project financing transaction for a concession based toll road project under the PFI Act in Japan.

Adam Majeed - Regional editor