The consortium made up of Vinci Airports and financial services group Orix Corporation has been chosen by New Kansai International Airport Company (NKIAC) as preferred negotiation right holder for the concession.
Orix - Vinci Airports Consortium will set-up a concessionaire company to enter into a project agreement with NKIAC by the end of this year. Orix And Vinci will have the same shareholdings (40% each), and minority shareholder companies from the Kansai region will hold 20% overall.
The airports’ operations are scheduled to be transferred to the concessionaire company at the end of March 2016. During this period, Orix And Vinci Airports will work closely with NKIAC, the airports’ employees, business partners and the local communities to outline the forthcoming plans and processes, and get feedback from these stakeholders who will be crucial to the operations of the airports in the future.
Kansai International Airport, which opened in 1994, is located on an artificial island in the middle of Osaka Bay. It serves both as international hub and domestic airport, with traffic of 20 million passengers. Osaka International Airport, often called Itami Airport and opened in 1939, is the primary domestic airport for Osaka city, with 14.6 million passengers.
Together, Kansai and Osaka international airports represent the second busiest airport group in Japan. The total funding plan of the concessionaire company is about €1.94bn (£1.38bn).