Abstract
In Japan, disaster prevention infrastructure development is significantly delayed due to fiscal constraints. One proposed solution is the Disaster Prevention SIB (Social Impact Bond), a type of outcome-based PFI (Private Finance Initiative) scheme that utilizes private funds and investment motivation for disaster prevention investments. This study conducted interviews with civil engineering and urban planning policy makers in local governments to identify barriers and challenges that arise when implementing Disaster Prevention SIB, and to consider improvement measures and approaches for institutional development. As a result, several areas of work suitable for introducing Disaster Prevention SIB were identified, along with points to be noted in advancing consensus-building and persuasion among stakeholders, and aspects that require ingenuity in setting up performance evaluation and outcome-based payments.
