Three bidders have passed the first round stage for the Takamatsu Airport concession, Japan’s Ministry of Land, Infrastructure, Transport and Tourism announced last Friday (20 January).
A group led by Orix, one led by Mitsubishi Estate and Taisei Corporation, and another one led by Anabuki Kosan and Takamatsu-Kotohira Electric Railroad (Kotoden) have been named as the shortlisted bidders.
Spokespeople from Orix, Mitsubishi Estate, and Taisei declined to comment on the matter. Anabuki Kosan and Kotoden could not be reached for comment.
Six bidders had submitted first round bids – so far the largest number of bid submissions among Japan’s airport privatization deals – which also included Shimizu Corporation, and Japan Asia Group, as previously reported by InfraAsia. Anabuki Kosan and Kotoden are thought to be leading a regional coalition of fellow Kagawa-based companies Hyakujushi Bank, Kagawa Bank, and Goda Kohmuten.
Takamatsu Airport’s aeronautical facilities, such as the air strip, are currently controlled by the Japanese government, while the terminal building facilities are owned by a public-private operating company Takamatsu Airport Building Co.
The winner of the tender will be required to acquire shares in the terminal building operator for JPY 1.65bn (USD 14.5m). Besides Mitsubishi Estate and Taisei, Takamatsu Airport Building is owned by Kagawa Prefecture, Takamatsu City, ANA Holdings, Japan Airlines, the Development Bank of Japan, Hyakujushi Bank and 54 other shareholders.
The second round of the tender will start around June this year, and a preferred bidder to be selected by August. Operation under a new concessionaire will start in April 2018. It will last for 15 years, and can be extended to up to 55 years.
Takamatsu Airport, the second state-owned airport being privatized in Japan after Sendai Airport, processed 6,995 tonnes in cargo volume and 1.8m passengers in fiscal 2015.