on Transportation Infrastructure in the Future
~ PPP or Privatization ~
Transportation infrastructure is an integral part of mobility for people. With tight government budgets, efficient management of transportation infrastructure has become more important than ever. Against this background, it has become a trend in Japan to involve the private sector for more efficient management. The trend in the U.S. has been to utilize private sector capital and expertise in the construction and management of public sector transportation infrastructure.
In the U.S., the concept of a Public Private Partnership (PPP)Ehas been introduced so that the public sector and the private sector come together to gather maximum capital and expertise. Examples include the Chicago Skyway, the Indiana Toll Road, the Oakland Airport Connector, and the Chicago Midway Airport. In Japan, in most cases, privatizationEhas been carried out, in which ownership and management of the transportation infrastructure has been changed from public entities into private entities. Tokyo Metro, one of the largest subway systems in the world, and Narita International Airport, the gateway to Asia, are now privatized. Although different in approach, both aim for sustainability of transportation infrastructure in difficult times.
This seminar explores the future of transportation infrastructure through keynote speeches and a panel discussion inviting experts from the U.S. and Japan.
President, Japan International Transport Institute
Former Acting Administrator, U.S. Federal Transit Administration (FTA)
Managing Director, North America Infrastructure Banking, The Royal Scotland (Former Chief Financial Officer, City of Chicago)
Senior Advisor and Former CEO, Narita International Airport Corporation (NAA)
President, Tokyo Metro Co., Ltd.
PANEL DISCUSSION (All the keynote speakers will join the panel discussion)
Senior Fellow, Economic Studies Program, The Brookings Institute