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Presentation - Fifth Roundtable on Financing Water - Mr. Yoshiharu Imajima

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Presentation: Financing Wastewater Management in Japan - Fifth Roundtable on Financing Water - Mr. Yoshiharu Imajima

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Presentation - Fifth Roundtable on Financing Water - Mr. Yoshiharu Imajima

  1. 1. Financing Wastewater Management in Japan 27 November 2019 Yoshiharu Imajima Deputy Director, JS Sewage Works Expert, JSC Roundtable on Financing Water @Asian Development Bank Headquarters, Manila, Philippines
  2. 2. Introduction 2
  3. 3. Sewerage Finance Research Committee – National discussion among all stakeholders (central government, local governments, tax payers) on the basic principles of cost sharing for wastewater management (1961-1985) (Basic principles of cost sharing) – Stormwater at public burden and wastewater at private burden (O&M cost for stormwater is to be covered by municipal general account, O&M cost for wastewater is to be covered by sewer user charges) – Polluter-Pays-Principle (Users must pay sewer user charges for O&M while beneficiary payment is used for CAPEX) – The central government is responsible for nation-wide sewerage system development (civil minimum), while local governments are responsible for sewerage project implementation at local level. (Cost shared between central government (national subsidies) and local government (municipal bonds)) 3 Financing centralized wastewater management
  4. 4. 4 Financial resources for OPEX Expenditures Unit:billion yen As of end of FY 2009 Income
  5. 5. 5 Financial resources for CAPEX Sewers Central Gov. Subsidy Municipal Bond Municipal Bond Payment by Beneficiary,etc Subsidized Unsubsidized From Commercial Banks From Users From National Government 5% 45% 50% 95% 5%
  6. 6. 6 Local Bonds Counted in ‘Standard Financial Needs’ Ordinary local allocation tax = standard financial needs – discounted standard revenues Sewers Central Gov. Subsidy Municipal Bond Municipal Bond Payment by Beneficiary,etc Subsidized Unsubsidized The ‘standard financial needs’ are systematically calculated and allocated based on the above equation,
  7. 7. Conclusion 7 • National discussion among all stakeholders (central government, local governments, tax payers) on the basic principles of cost sharing for wastewater management • 3Ts (Tariff, Tax and Transfer) • Blended Finance
  8. 8. Thank you very much for your Kind Attention ! 27 November 2019 Yoshiharu Imajima Deputy Director, JS Sewage Works Expert, JSC Roundtable on Financing Water @Asian Development Bank Headquarters, Manila, Philippines e-mail: info@jsanic.org www.jsanic.org

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