ministry of land, infrastructure, transport and tourism recent policy development in japan -human...
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Ministry of Land, Infrastructure, Transport and Tourism
Recent policy development in Japan
-Human Resource Development-New Infrastructure Fund: “JOIN”
1. Efforts of Japanese Government to Nurture the Human Resources for Marine Development
2. MLIT Infrastructure Fund: “JOIN”Japan Overseas Infrastructure Investment Corporation for Transport &
Urban Development
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Basic Act on Ocean Policy (April, 2007)
CHAPTER Ⅳ Headquarters for Ocean Policy○ The Headquarters shall be headed by the Director-General
of the Headquarters for Ocean Policy, the post which shall be served as Prime Minister. (Article 32(1))
Prime Minister Shinzo Abe, in the meeting of the Headquarters for Ocean Policy (December, 2014)
CHAPTER Ⅲ Basic Measures○ The State, in order to promote the Ocean Industries and to
strengthen the international competitiveness, shall take necessary measures with regard to the Ocean Industries to nurture and secure the human resources (abr.). ( Article 24)
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Efforts of MLIT
MLIT have started the following new policy measures in FY 2015 in order to increase offshore engineers.
(1) Development of curricula and teaching materials for offshore engineering for Japanese university students and graduate students in close collaboration with industry and academia
©MODEC
Design of offshore platforms
STS operation
(3)Establishment of a cooperation partnership with oversea companies, universities and organizations
(2) Development of the simulation system including Dynamic Positioning (DP)
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Development of the simulation system
National Maritime Research Institute is carrying out a study of the simulation system to train university students.
The interface of DP trainer shall be the same as what is used onboard offshore vessels and offshore units.
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Establishment of overseas cooperation partnership
To establish the system to encourage Japanese students to apply for an internship or studying abroad,
JETRO commissioned by MLIT, is trying to contact to and discuss with overseas offshore related companies, universities and organizations.
Overseas Cooperation Targets (draft) Europe North America Latin America
/AsiaNOC/IOC
BP, Royal Dutch Shell, Statoil,Total
Chevron, Conoco Phillips,Exxon Mobil
Petrobras, Petronas
Geophysical/Oilfield Service
Petroleum Geo-Services, Western Geco
Schlumberger, Baker Hughes
Halliburton
Engineering BW Offshore, Saipem,SBM Offshore, Technip
Teekay
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Establishment of overseas cooperation partnership
Europe North America Latin America/Asia
Fabricator/ Shipyard
Aker Solutions
National Oilwell Varco
Keppel Offshore & Marine, Sembcorp Marine
Class DNV-GL ABS
University
Norwegian Univ. of Science & Technology,
Univ. of Bergen,
Univ. of Stavanger,
The Univ. of Aberdeen, Glasgow, Strathclyde, Edinburgh,
Heriott-Watt
Texas A&M Univ., The Univ. of Texas at Austin,Univ. of Houston
Univ. Federal do Rio de Janeiro, Univ. de Sao Paulo,Shanghai Jiao Tong Univ.,Singapore Univ.
Subsea/FOWT
Fred Olsen, Seajacks,Subsea 7
FMC Technologies, Oceaneering
Overseas Cooperation Targets (draft)
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1. Efforts of Japanese Government to Nurture the Human Resources for Marine Development
2. MLIT Infrastructure Fund: “JOIN”Japan Overseas Infrastructure Investment Corporation for Transport &
Urban Development
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1.What is JOIN ?
2.How does JOIN function?
3.JOIN’s focus to invest
4.How the funding by JOIN will work in the maritime sector?
5.Our Decision Making Process – How we become your Partner
6.Company Outline
JOIN - Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development -
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JOIN is one of the government-private sponsored fund in Japan,
which specializes in overseas infrastructure investment.
JOIN provides equity financing to
infrastructure projects worldwide.
JOIN works in collaboration with
Japanese companies, banks,
institutions (JICA, JBIC, NEXI,
etc.). & government.
*The law to establish JOIN was adopted by the National Diet in Feb 2014. *JOIN was established on 20th October 2014.
1. What is JOIN?
Disposition of Shares(when the project has achieved its initial purpose, etc.)
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Infrastructure Projects ( SPC )
JICA /JBIC /NEXI /J-Banks
Local Banks
Host Governments
Concession Support
Master Plan / Developer E.P.C. O & M
Negotiation Equity, etc.
Loan, etc.
Local Companies
Loan Equity
J-Companies
JOINCapital: 10.8 billion yen [as of April 2015] ( J-Gov:5.4 billion yen, J-Companies:5.4 billion yen)Investment Capacity: 75.2 billion yen [FY2015] (includ. guarantee 34 billion yen)
Technical support / transfer
H.R. development Management Support
JOIN* will back up the financing of projects by holding a considerable portion of the equity of SPC. This equity finance scheme can improve bankability of the project.
2. How does JOIN function?
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Logistics
High-speed railways Urban railways / transport system Toll Roads
Ships / Offshore units Port terminals
Airport terminals Urban development
3. JOIN’s focus to invest
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Where the funding can go
Scope of funding
- Owning/O&M SPC of the LNG Vessel
- Owning/O&M SPC of the FPSO
- Owning/O&M SPC of the PSV/AHTS
Projects, to be supported by JOIN, need to be relevant to overseas transport* or urban/regional development.* ”Transport” includes not only “traditional” sea transport such as the operation of LNG vessels and container vessels, but also offshore projects such as the operation of FPSO, FLNG, PSV, AHTS, shuttle tankers and Logistics Hub.
Debt
Equity
Japanese Investors
JBIC
Local Bank etc.
JOIN
Charter contract&
O&M contract
Example of lease financing structure Owning/O&M SPC
Other Japanese banks
LNG vessel PSV FPSO
Oil & Gas Company
4. How the funding by JOIN will work in the maritime sector?
Norwegian Investors
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2-2-3 Marunouchi, Chiyoda-ku, Tokyo (Marunouchi-Nakadori Building, 9F)
Location
TEL: +81-3-5293-6700 (main line) / FAX: +81-3-3218-5561Contact
http://www.join-future.co.jp/ (* Japanese Version Only)Website
Company NameJapan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN)
Established October 20, 2014
E-mail [email protected]
Presidentand CEO Takuma Hatano
6. Company Outline