APAC: ADP looks to trading house for Hokkaido Airports bid

09 March 2018 - 12:00 am UTC

Aéroports de Paris (ADP) is looking to partner with one of the major Japanese trading houses to bid for the Hokkaido airports bundle.

The airport group has opened a representative office in Tokyo to work on the privatization of seven airports on the island in northern Japan, said the Asia-Pacific managing director of ADP International, Julien Coffinier.

It expects the guidelines for the tender offer to be published by end March followed by a first screening by early August.

Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) set out its privatization policy for the airports on 13 February.

Hokkaido Airport Terminal Co (HKK) has formed a bid consortium which includes the Development Bank of Japan, Mitsubishi Estate and railway operator Tokyu Corp.

Leasing giant Orix is also considering bidding.

ADP International’s CEO, Antonin Beurrier, said the company had managed bundles of airports in Egypt, Mexico and Turkey, during a visit to Hong Kong for a road show.

He said the company could add value by taking on complex projects and designing solutions for different stakeholders. “That’s what financial investors are looking for when they talk to us,” he said.

He argued that managing different stakeholders – such as the military – is key.

The largest airport in the Hokkaido bundle – New Chitose Airport – is used for both civilian and military purposes. 

It is “not [about] bringing tourists to the region,” Beurrier added.

ADP International is talking to potential partners who can bring “innovative” experience, including a local tourism company, Beurrier said. 

He added there was capacity to expand New Chitose and clean up the complex ownership structure of the seven airports.

ADP manages 26 airports worldwide.