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  "domain": "structured-finance",
  "title": "Infrastructure finance SPV in Japan — PFI, PPP, toll roads, airports, telecom towers",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "Infrastructure finance SPV in Japan — PFI, PPP, toll roads, airports, telecom towers",
    "aliases": [
      "Japan infrastructure finance SPV",
      "Japan PFI",
      "Japan PPP",
      "Toll road finance Japan",
      "Airport concession Japan",
      "Telecom tower SPV Japan",
      "Infrastructure J-REIT",
      "structured-finance/infrastructure-finance-spv-japan"
    ],
    "domain": "structured-finance",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-05-25",
    "last_tended": "2026-05-25",
    "review_by": "2026-11-25",
    "confidence": "likely",
    "tags": [
      "structured-finance",
      "infrastructure",
      "pfi",
      "ppp",
      "toll-road",
      "airport",
      "telecom-tower",
      "j-reit",
      "japan"
    ],
    "status": "active",
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    "related": [],
    "note": null,
    "sources": [
      "Cabinet Office PFI promotion office — https://www8.cao.go.jp/pfi/en/",
      "JBIC infrastructure finance disclosures — https://www.jbic.go.jp/en/",
      "DBJ infrastructure disclosures — https://www.dbj.jp/en/",
      "JPX infrastructure-fund listings",
      "Sogo shosha and infrastructure-fund IR (Industrial & Infrastructure Fund, Nippon Logistics)"
    ]
  },
  "summary": "Japanese infrastructure financing combines (1) traditional public-works financing (central / local government, JFC, JBIC, DBJ) for sovereign-backed projects, (2) PFI (Private Finance Initiative) structures since the 1999 PFI Law that involve private SPVs delivering and financing public-purpose infra",
  "headings": [
    "Infrastructure finance SPV in Japan — PFI, PPP, toll roads, airports, telecom towers",
    "TL;DR",
    "Wiki route",
    "1. The PFI framework (1999+)",
    "2. PFI SPV structure",
    "3. Airport concessions — the flagship PFI segment",
    "4. Toll roads — NEXCO public-corporation structure",
    "5. Telecom towers — emerging asset class",
    "6. Infrastructure-J-REIT and Infrastructure-Fund market",
    "6a. J-REIT infrastructure-flavour funds"
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