News Release

Conclusion of a business consignment agreement for comprehensive consignment of Arao City water business
—A pioneer project in the water industry adopting a private sector proposal—

METAWATER Co., Ltd. (Headquarters: Tokyo, Japan; President: Tomoyasu Kida; hereafter “METAWATER”) is pleased to announce that Arao Water Service, a special purpose company represented by METAWATER, has formed a business consignment agreement for the comprehensive consignment of the Arao City water business with the Arao City Public Enterprise Bureau, effective December 8, 2015. This project has been launched based on a proposal by METAWATER which was made pursuant to the private sector proposal system under the revised PFI Law. This is a forward-looking example where a proposal by a private business operator in the water industry has been adopted.
The project was ordered as comprehensive private consignment under an open competitive proposal method with the aim of maintaining and increasing the quality of water services to the local community through sustainable maintenance of the water business in Arao City. A group represented by METAWATER was selected as the project operator on November 9, 2015 and signed a business consignment agreement on December 8. This is a pioneer project in Japan which makes comprehensive private consignment of water business including customer support, operation and management of water facilities, asset management, and construction of water facilities. METAWATER has operated under a long-term vision to contribute to maintaining a recycling society by constantly supporting water and environmental infrastructure with water and wastewater business operators, local companies, and partner companies. This project is one of the most prominent examples of our efforts. As a representative of the group, METAWATER will leverage its extensive experience in PFI, DBO, and other businesses and strive to ensure continuity of safe, secure, and stable water and wastewater business as well as to maintain and increase the quality of services to the local community.

1.Outline of the Project

 (1)Name: Comprehensive consignment of Arao City water business
 (2)Consignment fees:   3,175,200,000 yen (including tax)
 (3)Business scope:
   ⅰ)Business management and planning support
   ⅱ)Management support
   ⅳ)Design and construction
   ⅴ)Maintenance and repair
   ⅵ)Crisis management
 (4)Period: From April 1, 2016 to March 31, 2021
  (handover period: from December 8, 2015 to March 31, 2016)

2.Overview of Arao Water Service

 (1)Established: December 8, 2015
 (2)Location: Arao City, Kumamoto Prefecture
 (3)Representative: Representative Director and President Satoshi Kogure (METAWATER Co., Ltd.)
 (4)Capital: 10 million yen
 (5)Member companies    
Investing companies
  Arao City Plumbing Heating and Airconditioning Constructor’s Association
  Ace Water Co., Ltd.
  Kokusai Kogyo Co., Ltd.
  NTT DATA Corporation

Partner companies
  Sanwa Kensetsu Y.K.
  Chuo Setsubi Kogyo Co., Ltd.
  Hirose Shokai Y.K.
  Iwakita Setsubi Kogyo
  Kanagawa Y.K.

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