Post-earthquake regeneration and urban/community development (2)
Making meaningful use of the private sector in regeneration in the Tohoku region
— Two directions for private sector involvement —
June 28, 2011
To reduce the excessive burden on Japan’s national finances and contribute to the revitalization of the economy, it is essential that the funding for post-earthquake regeneration in the Tohoku region should not be channeled exclusively through the public sector and drawn exclusively from taxes and issues of government bonds, but that measures be taken to attract funds that will flow from one part of the private sector to another.
This report therefore divides regeneration into “regeneration of public facilities (public works)” and “regeneration work undertaken independently by the private sector”, and considers how the most effective use of PPP/PFI and gap funding methods can be made.