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April 22, 2019, 4:19 p.m. EDT

Japan : MSJA-Kumamoto Consortium Concludes Basic Agreement for the Qualified Project Etc. for Kumamoto Airport Operation

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Apr 22, 2019 (Euclid Infotech Ltd via COMTEX) -- The consortium namely MSJA-Kumamoto Consortium, represented by Mitsui Fudosan Co., Ltd., also comprised of Kyushu Electric Power Co., Ltd.; Kyushu Industrial Transportation Holdings Co., Ltd.; Kumamoto Telecasting Co., Ltd; Saishunkan Co., Ltd.; Kyushu Sanko Unyu Co., Ltd.; Sojitz Corporation; Japan Airport Terminal Co., Ltd.; The Sankei Building Co., Ltd.; ANA HOLDINGA INC.; and Japan Airlines Co., Ltd.was awarded Preferred Negotiation Right on the Qualified Project Etc. for Kumamoto Airport Operation on March 28, 2019. Further, the Consortium executed the Basic Agreement today, April 22, 2019, with Japan's Ministry of Land, Infrastructure, Transport and Tourism.

This business will prioritize safe and reliable airport operations while aiming to contribute to the region's continued recovery from the 2016 Kumamoto earthquakes. The consortium hopes that by utilizing the Kumamoto Airport's geographical advantagesthat is, its proximity to the rest of East Asiaand the prefecture's abundant tourist draws, such as the Aso and Amakusa areas, they can increase traffic through Kumamoto, reinvigorating both the airport and surrounding environs.

The MSJA-Kumamoto Consortium will begin preparations to establish an SPC for the project and conclude a Project Agreement based on the Basic Agreement, in advance of the project's scheduled start on April 1st next year.

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