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In the first type of system (used mainly for channels, breakwaters, berths, etc.), the national\ngovernment and the port authority share the cost of construction. In the second type of system (used for\ncargo handling facilities, reclaimed lands etc.), the port authority raises funds by itself through a port-related\nbond-financed project, under which it issues bonds. One characteristic of such bond-financed projects is that\nthe costs of operating the facility and redeeming the bonds are funded through usage fees for the cargo\nterminal and profit from the sale of reclaimed land.\nThe authors first described Japan’s port facilities and the structure of port and harbor management, and\nanalyzed the financial situation of port authorities. Next, the authors pointed out that as the capital,\nmaintenance, and management costs of port facilities grow in response to the new risks of large-scale natural\ndisasters and other factors, port authorities are being forced to take measures to address this. Lastly, using the\nexample of Hakata Port, the authors argued that incentive assistance to shipping companies and logistics\ncompanies could effectively address the conflicting demands of reinforcing international competitiveness,\nstrengthening disaster restoration capabilities, and enabling the smooth redemption of bonds in\nbond-financed projects.\nBased on the above analysis, the authors propose that facility usage fees and land prices be reduced\nthrough incentive subsidies as a measure to reduce the deficits of port authorities. 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RESEARCH ON THE INTERNATIONAL COMPETITIVENESS, DISASTER RECOVERY FUNCTION AND DEBT REDUCTION OF THE PORT AUTHORITY IN JAPAN
http://hdl.handle.net/10173/1224
http://hdl.handle.net/10173/12248ddd1cfe-ceec-43c5-8a54-cb59e8d14827
名前 / ファイル | ライセンス | アクション |
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Item type | 会議発表論文 / Conference Paper(1) | |||||
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公開日 | 2015-02-28 | |||||
タイトル | ||||||
タイトル | RESEARCH ON THE INTERNATIONAL COMPETITIVENESS, DISASTER RECOVERY FUNCTION AND DEBT REDUCTION OF THE PORT AUTHORITY IN JAPAN | |||||
言語 | ||||||
言語 | eng | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_5794 | |||||
資源タイプ | conference paper | |||||
著者 |
TAKAHASHI, Koji
× TAKAHASHI, Koji× KASUGAI, Yasuo× ISHIHARA, Hirosi× FUKUDA, Isao |
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抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | The ports and harbors of Japan are operated by local public bodies that act as port authorities. The systems for constructing port facilities are roughly classified into two types depending on their sources of revenue. In the first type of system (used mainly for channels, breakwaters, berths, etc.), the national government and the port authority share the cost of construction. In the second type of system (used for cargo handling facilities, reclaimed lands etc.), the port authority raises funds by itself through a port-related bond-financed project, under which it issues bonds. One characteristic of such bond-financed projects is that the costs of operating the facility and redeeming the bonds are funded through usage fees for the cargo terminal and profit from the sale of reclaimed land. The authors first described Japan’s port facilities and the structure of port and harbor management, and analyzed the financial situation of port authorities. Next, the authors pointed out that as the capital, maintenance, and management costs of port facilities grow in response to the new risks of large-scale natural disasters and other factors, port authorities are being forced to take measures to address this. Lastly, using the example of Hakata Port, the authors argued that incentive assistance to shipping companies and logistics companies could effectively address the conflicting demands of reinforcing international competitiveness, strengthening disaster restoration capabilities, and enabling the smooth redemption of bonds in bond-financed projects. Based on the above analysis, the authors propose that facility usage fees and land prices be reduced through incentive subsidies as a measure to reduce the deficits of port authorities. This will enable the early redemption of bonds and an increase in local tax revenue, since a greater number of businesses can be attracted, as shown in the case study of Hakata Port. |
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書誌情報 |
Society for Social Management Systems Internet Journal 巻 9, 発行日 2014-12 |
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著者版フラグ | ||||||
出版タイプ | VoR | |||||
出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
出版者 | ||||||
出版者 | Society for Social Management Systems |