Fukuoka Airport Holdings-led Consortium to Enter into a Basic Agreement for the Operation of Fukuoka Airport

June 26, 2018
(Representative): Fukuoka Airport Holdings Co., Ltd.
(Consortium members): Nishi-Nippon Railroad Co., Ltd.
Mitsubishi Corporation
Changi Airports International Pte. Ltd.
Kyushu Electric Power Co., Inc.
Fukuoka Airport HD Group, a consortium led by Fukuoka Airport Holdings, and comprised of Nishi-Nippon Railroad, Mitsubishi Corporation, Changi Airports International and Kyushu Electric Power, entered into a Basic Agreement with Japan’s Ministry of Land, Infrastructure, Transport and Tourism (“MLIT”) on June 26, 2018, for the operation of Fukuoka Airport.  The consortium was selected as the preferred bidder for the project on May 16, 2018.
 
As the operator, the consortium will facilitate the revitalization of the airport and its surrounding areas, and unlock its potential as a key transport hub in the region, with the long-term aim of stimulating Kyushu’s economy through trade and business activities.  The consortium is committed to safe and secure airport operations, and will leverage the Fukuoka Airport’s center city location as well as its geographical proximity to East and Southeast Asia.
 
The consortium aims to commence operation of Fukuoka Airport on April 1, 2019, and in accordance with the Basic Agreement, has initiated preparation for the incorporation of the special purpose company and the execution of a subsequent Project Agreement.
◆Project Summary
Overview
 ■ Administrator: Minister of Land, Infrastructure, Transport and Tourism, Japan
 ■ Location of public facilities: Hakata-ku, Fukuoka City, Fukuoka Prefecture
 ■ Duration: 30 years（maximum 35 years including possible extensions due to force majeure, etc.）
 ■ Scope: Airport operation, air navigation facility operation, provision of environmental protection measures, building and parking facility operations, etc.
Implementing Body
Special Purpose Company (SPC), funded and incorporated by consortium members
Name of Consortium            
Fukuoka Airport HD Group
Consortium Members                    
Fukuoka Airport Holdings Co., Ltd., Nishi-Nippon Railroad Co., Ltd, Mitsubishi Corporation, Changi Airports International Pte. Ltd. and Kyushu Electric Power Co., Inc.
◆About Fukuoka Airport Holdings Co., Ltd.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】           Fukuoka Airport Holdings Co., Ltd.
【Head Office】                  9-22, Watanabe-dori 2-chome, Chuo-ku, Fukuoka, Japan
【Representative】             Masahito Sakuragi, President
 
◆About Nishi-Nippon Railroad Co., Ltd.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】           Nishi-Nippon Railroad Co., Ltd.
【Head Office】                  11-17, Tenjin 1-chome, Chuo-ku, Fukuoka, Japan
【Representative】             Sumio Kuratomi, President & Chief Executive Officer
 
◆About Mitsubishi Corporation　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】           Mitsubishi Corporation
【Head Office】                  3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan
【Representative】             Takehiko Kakiuchi, President & Chief Executive Officer
 
◆About Changi Airports International Pte. Ltd.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】           Changi Airports International Pte. Ltd.
【Head Office】 　             60 Airport Boulevard, #048-049 Changi Airport Terminal 2, Singapore 819643
【Representative】             Lim Liang Song, Chief Executive Officer
 
◆About Kyushu Electric Power Co., Inc.　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　
【Company Name】　        Kyushu Electric Power Co., Inc.
【Head Office】 　             1-82, Watanabe-dori 2-chome, Chuo-ku, Fukuoka, Japan
【Representative】 　        Michiaki Uriu, President