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Japanese translation

Park-PFI Project Awarded by the Tokyo Metropolitan Government Announcement of the "TOKYO LEGACY PARKs" Project

Jan. 25, 2022

Mitsui & Co. Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) is pleased to announce that it has been awarded a contract for the construction and operation of Meiji Metropolitan Park, as a member of a six-party consortium formed with Tokyo Tatemono Co., Ltd., Nippon Koei Co., Ltd., Seibu Landscape Co., Ltd., YOMIKO ADVERTISING INC. and AX-ON Inc. On January 24, 2022, the consortium, led by Tokyo Tatemono, concluded a basic agreement with the Tokyo Metropolitan Government.

Meiji Metropolitan Park is set to be the Tokyo Metropolitan Government's first ever Park-PFI* project, making full use of private sector expertise throughout its construction and operation phases.
The overall concept for the project is "TOKYO LEGACY PARKs", symbolizing the consortium's aim to create a park which can be passed down to future generations as a symbol of hope and pride.

Occupying an ample space of 7,500 square meters, a rarity in an urban area, the planned park will consist of a forested area and an open plaza to facilitate communication, complete with a café and restaurants.

*Private Finance Initiative (PFI): A way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the burden of shouldering the initial capital and operating expenses.

Rendering of Park (Left: Open Plaza, Right: Forest Area)

Project Scope

The purpose of the project is to build a park with an acreage of 1.6ha on the space adjacent to the New National Stadium, as well as to oversee the maintenance of the two existing pedestrian decks linked to the stadium over a 20-year period. Readily accessible from popular sites such as the Prince Chichibu Memorial Rugby Ground, Meiji Jingu Stadium, and the Tokyo Metropolitan Gymnasium, the space is expected to attract both tourists and inhabitants. The consortium will also work in cooperation with local organizations to provide residents and visitors with an improved living environment suited to their needs.

Project Scope

Core Values

Five core values have been established to ensure that the park becomes a legacy for future generations.

Core Values

Project Outline (As of Jan. 25, 2022)

Park Infrastructure

Area	Size
Forest	7,500m2
Plaza	2,550m2
Waterscape	80m2
Maintenance Office / WC	150m2
WC	60m2

Shops and Restaurants

	Categories	Size
A	Café, Relaxation etc.	600m2
B	Café	200m2
C	Restaurant	140m2
D	Restaurant	120m2
E	Outdoor Fashion	120m2

Project Outline (As of Jan. 25, 2022)

Park Infrastructure

Shops & Restaurants

Meiji Metropolitan Park

Address	Boundary of Shibuya-ku and Shinjuku-ku, Tokyo
Type of Park	Multi-purpose Park
Total Size	33,499m2

Subject Area

Address	Boundary of Shibuya-ku and Shinjuku-ku, Tokyo
Size	16,179m2

Project Schedule

January, 2022	Basic Agreement, Certification of the Project Plan
March, 2022	Implementation Agreement
June, 2022	Commencement of Construction
October, 2023	Public Opening
March, 2042	Expiration of Contract

Mitsui’s Materiality

“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Enhance quality of life”