Effects of Road Construction on Mie's Economy
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Effects of Road Construction on Mie’s Economy Effects of Road Construction on Mie’s Economy Maibara JCT Yoro JCT Daian IC Tokai-Kanjo Expressway Shin-Yokkaichi Toin IC Nagoya-Nishi Meishin JCT JCT Expressway Komono IC Isewangan Suzuka PA Yokkaichi Expressway Smart IC Shin-Meishin JCT Kameyama- Expressway Nishi JCT (routes running in Higashi Meihan Mie Prefecture) Expressway Kusatsu JCT Kameyama JCT Number of occurrences of traffic congestion Time required to drive on the Higashi Meihan Expressway between junctions (Yokkaichi JCT – Kameyama JCT) 45 min 1.279 times Approx. Reduction 90% of up to reduction 25 min 20 min Before opening of After opening of Before the opening of After opening of Shin-Meishin Expressway Shin Meishin Expressway Shin Meishin Expressway Shin-Meishin Expressway (2017) (expected) (with congestion on a (with no congestion) holiday) * Source: Website of Central Nippon Expressway Company Ltd. 4 Effects of Road Construction on Mie’s Economy Development of industrial park anticipating opening of the Manufacturing industries are flourishing in Mie Prefecture Shin-Meishin Expressway <National ranking> Land readjustment project Daian Tokai-Kanjo Value of manufactured Area: 46.6ha Factory site area Construction start in Expressway goods shipment FY2019 (Business establishments with 10 th (1,000 m 2 or more) 2 nd Toin Nagoya- four employees or more) Shin- Nishi * Source: METI in 2016 * Source: METI, 2016 Land readjustment project Yokkaichi Area: 17.7ha Opening of Shin-Meishin Expressway and extension of Construction start in Komono IC Yokkaichi Tokai-Kanjo Expressway FY2019 Suzuka PA Higashi-Meihan Shin- Smart IC Expressway Mie Prefecture Chubu region Meishin Kansai region Improved accessibility both Kanto region Kusatsu Kameyama Suzuka IC Industrial eastward and westward Kameyama- Park Nishi <All Units Taken> Trends of factory construction by companies from outside Mie Prefecture (new construction and Matsusaka- expansion) shi Newly established Expanded factories factories (Unit: Number of constructions) 31 29 26 28 6 12 Arranging business meetings with local 6 10 Gestamp Hot Stamping Japan companies 23 20 19 18 Inabe-shi Toin-cho Around 30 factories are newly established or expanded each year 2015 2016 2017 2018 ※Prepared based on data on factory location trends by year Yamazaki Mazak Manufacturing Hamaotome and area released by Mie Prefecture 5 Effects of Road Construction on Mie’s Economy Economic benefits of extending the Tokai-Kanjo Expressway Areas along the Tokai-Kanjo Expressway (Inabe-shi) Maibara Yoro Gifu Daian Inabe-shi Prefecture Tokai-Kanjo Expressway Nagoya-Nishi Toin Meishin Yokkaichi Komono IC Shin- Isewangan Suzuka PA Yokkaichi Expressway Mie Aichi Smart IC Shin-Meishin Prefecture Daian IC Prefecture (routes in Mie Prefecture) Higashi-Meihan Kusatsu Kameyama- Kameyama Industrial park Nishi complexes Toin IC Tokai-Kanjo Expressway Shin- Yokkaichi Number of companies that have located Number of employees at companies their factories in industrial park located in industrial parks Approx. (Unit: number of companies) Approx. (Unit: persons) 1.8 times 46 1.2 times 13,200 11,200 26 Relocation and construction of new Inabe 1996 2018 1996 2018 Branch (May 27, 2019) (Before start of (before start of construction) construction) 6.