Abstract
In order to solve the problems with aging infrastructure under limited financial resources, two methods of asset management and PPP/PFI have been introduced in parallel in Japan. Asset management is defined as an activity to realize value from assets in the International Standard for Asset Management (ISO55000s) issued in January 2014. PPP/PFI is a public-private partnership which has been introduced management of infrastructure management and operation. So far, PPP/PFI, which is a public-private partnership, has been studied from the perspective of project management including public-private risk-sharing, contract procedures, and project finance structure. This paper focuses on PPP/PFI methods from the perspective of asset management, and studies whether the current PPP/PFI methods give incentives of maximizing asset value to private sectors.
