A Study of Developing Private Finance Initiatives in Local Government's Infrastructure

Abstract

PFI (Private Finance Initiative) helps to deliver high quality public services and ensure that public assets are delivered on time and to budget by requiring the private sector to put it's own capital at risk. PFI also helps to deliver clear levels of service to the public over the long term. There are few infrastructure PFI projects, other than sewer and wastewater treatment facilities, in Japan. In this study, the problems within the local government's infrastructure PH projects from a view of the administrative law, taxation and subsidy system, are considered. The analysis of sewer and wastewater treatment facilities PFI projects shows the possibility of developing infrastructure PFI projects.