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Japan, U.S. collaborate in winning infrastructure projects in emerging economies

  • November 8, 2017
  • , Yomiuri , p. 9
  • JMH Translation

Japanese and U.S. semipublic financial institutions announced on Nov. 7 that they have signed memorandums of understanding on infrastructure exports targeting emerging economies. They will collaborate in extending financial assistance to Japanese and American firms to facilitate their winning projects to construct energy-related facilities and infrastructure projects such as construction of airports in emerging nations.

 

The Japan Bank for International Cooperation (JBIC), the Nippon Export and Investment Insurance (NEXI) and the Overseas Private Investment Corporation (OPIC) of the U.S. inked the deals. They will jointly extend necessary funding to Japanese and American firms looking to engage in infrastructure projects in emerging countries and will also provide trade insurance to mitigate the risk of losses.  

 

The memorandums were sealed as part of the Japan-U.S. Strategic Energy Partnership, which the Japanese and U.S. leaders agreed on during their summit on Nov. 6 to deepen bilateral cooperation in the energy field.

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