Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has shortlisted three groups for seven airport concessions on Hokkaido island, it said on Wednesday (12 September).
In its announcement, MLIT said it had accepted three of the four first round bids submitted last month, but declined to provide further details.
A local financial newswire report earlier in the week said HKK, Vinci-Orix and ADP-lead groups had made the shortlist.
Sources confirmed to Inframation that a consortium including Vinci Airport and Japanese leasing giant Orix, as well as another group including ADP International, are among the shortlisted bidders. Spokespeople for both groups declined comment.
A HKK spokesperson said the group had bid in a team alongside major domestic groups including the Development Bank of Japan, Mitsubishi Estate and railway operator Tokyu Corp, but declined further comment.
A fourth consortium includes Singapore’s Changi Airports International, sources previously confirmed. The company did not respond to requests for comment on Wednesday.
The battle for the 30-year concession is attracting investors thanks to New Chitose Airport, which is Japan’s second largest state-controlled airport in terms of its JPY 15.2bn (USD 136m) EBITDA.
These three consortia must submit final bids by around May 2019, with a preferred bidder scheduled for selection two months later.