On March 4th, the Nikkei Shimbun reported that Shinano Railway, headquartered in Ueda City, Nagano Prefecture, announced a partnership with Singapore-based investment fund Patience Capital Group (PCG) to revitalize communities and boost tourism along its network.
PCG is leading major resort developments in Myoko Kogen, with the partnership including plans for a new sightseeing train linking this resort with Shinano Railway’s network.
The aim being to attract more visitors and enhance regional accessibility.
The above 10-minute YouTube video features Shinano Railway’s most well-known and fully catered train The Rokumon, that runs between Karuizawa and Nagano stations.
The collaboration will also focus on next generation Mobility-as-a-Service (MaaS), digitalization, and strategies to attract inbound tourists.
Additionally, efforts will be made to improve commuting convenience for resort staff and strengthen railway sustainability through increased ridership and regional engagement initiatives.
A signing ceremony is scheduled for March 6th at the Nagano Prefectural Office, with PCG CEO Ken Chan and Shinano Railway President Tomonori Tsuchiya in attendance.
The agreement runs for five years, with automatic renewal beyond that period.
Source:
Nikkei Shimbun (Japanese only; paywalled)
