As aging infrastructure such as bridges and waterworks becomes an issue across the country, six major companies, including JR West, NTT Group, and megabanks, have decided to jointly launch a new project to support local governments. We encourage cooperation among multiple local governments and provide support for fundraising.
The aging of infrastructure such as bridges, tunnels, and water supplies that were built during the period of high economic growth has become an issue across the country, and the Ministry of Land, Infrastructure, Transport and Tourism is spending up to 284 trillion yen on maintenance and renewal of infrastructure nationwide over the 30 years until 2048. It is estimated that it will cost .
Under these circumstances, according to people involved, six companies - JR West, NTT Communications, Bank of Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and Development Bank of Japan - will soon form a business alliance and collaborate on a new project to support local governments. I decided to start with.
We support efficient facility inspections using digital technology and the financing necessary for large-scale repairs and updates.
Furthermore, in areas where the population is declining, proposals and coordination will be made in which multiple local governments work together to consolidate infrastructure.
The six companies position their business as a "platformer" that provides comprehensive support for infrastructure updates and management, and are expected to begin operations this month.