Work on the integrated resort (IR) site is being carried out by contractors Takenakasa and Obayashi on behalf of Osaka IRKK, a venture involving small investors such as U.S.-based casino operator MGM Resorts International and Orix Japan.
The project implementation agreement signed between the Osaka authorities and the Osaka IRKK on Sept. 28 calls for construction-ready work to begin around summer 2024 after ground preparations for the site of the Osaka Bay artificial island Yume-Shima (file photo).
Ground measures include not only liquefaction measures, but also dealing with underground obstacles and soil pollution.
In early September, Osaka authorities said it would be "fall 2030" as early as the resort opened, with an initial investment cost of 1.08 trillion yen ($7.34 billion now) up by 190 billion yen.
According to the agreement, the city will provide compensation to the Osaka IRKK for soil preparation work as a condition of maintaining the effectiveness of the agreement.
The city of Osaka has secured up to 78.8 billion yen in funding to solve land problems, including problems with soft ground, underground obstacles and soil pollution. From this, 41 billion yen is to stabilize soft ground.
On Sept. 19, Osaka Prefecture and the city announced at a meeting of related experts convened by authorities that the cost of remedial measures on the land could be as low as 25.5 billion yen.
BY: 실시간 바카라사이트
