@inproceedings{oai:kutarr.kochi-tech.ac.jp:00001224,
 author = {TAKAHASHI, Koji and KASUGAI, Yasuo and ISHIHARA, Hirosi and FUKUDA, Isao},
 book = {Society for Social Management Systems Internet Journal},
 month = {Dec},
 note = {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.},
 publisher = {Society for Social Management Systems},
 title = {RESEARCH ON THE INTERNATIONAL COMPETITIVENESS, DISASTER RECOVERY FUNCTION AND DEBT REDUCTION OF THE PORT AUTHORITY IN JAPAN},
 volume = {9},
 year = {2014}
}