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Japan's parliament approved a bill related to the financing of PFI projects
Japan's parliament approved a bill to establish a fund with the participation of public and private capital to help finance infrastructure projects.
The government plans to set up the fund in the current year and to include projects in the framework of the so-called Initiatives of private funding, projects or PFI, in their strategic plans for economic growth.
It is assumed that in the framework of PFI with private capital will finance the construction and management of public infrastructure.
Thanks to a newly created fund loans for the implementation of PFI projects will receive government guarantees amounting to about three billion dollars.
The government aims to triple the total cost of the projects PFI, bringing it to about $ 120 billion over the next 10 years.