Osaka confirms plan to have IR operator pay US$186 million for Yumeshima rail extension

Mayor Ichiro Matsui has confirmed that a pre-condition to Osaka selecting its IR operator partner will be their acceptance of a JPY20.2 billion (US$186 million) bill to extend the subway to Yumeshima.

During a question and answer session at Osaka City Council, Matsui stated the condition “will not change regardless of the opening date” of an Osaka IR, according to The Osaka Nichibun.

The planned extension, which will run for 3km from Cosmosquare to Yumeshima, is already set to be built as part of the Osaka Metro Chuo line. It will include the undersea Yumesaki Tunnel, due to open in 2024.

JPY44.4 billion has already been spent on construction of the Yumesaki Tunnel, with the remaining costs estimated at JPY54 billion. Of this, the national government will pay JPY6.4 billion, Osaka city will pay JPY6.4 billion as general accounting and JPY 20.2 billion will come from reclamation accounting. The IR operator will cover JPY20.2 billion as a development cost.

RelatedPosts

Kangwon Land sets new annual revenue goal of US$2.26 billion

Wed 28 Oct 2026 at 04:59

Star concedes overzealous compliance is driving VIPs away as new leadership moves to reverse years of mistakes

Tue 27 Oct 2026 at 12:13

Star both EBITDA and cash flow positive in September 2026 quarter for first time in over two years

Tue 27 Oct 2026 at 06:54

Report claims Hokkaido to forgo Japan’s second round of IR bidding due to time constraints

Mon 26 Oct 2026 at 12:15

Load More