Private Management Taking The Controls At Kansai Airport

OSAKA– A Franco-Japanese alliance is embarking on a long-term– some would state riskily so– endeavor to bring more bustle to the main center for Japans third-largest city.

The transportation ministry has approved the transfer of the operating rights to Kansai Airport and the much smaller Osaka International Airport to a consortium led by Japanese leasing giant Orix and Frances Vinci Airports, the present operator said Tuesday. The offer goes down as Japans greatest personal financing initiative– the funding of public infrastructure with private money.