Turning Tokyo pretty for US$6.8b is Olympian Tepco task
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
MAKING the world's biggest city beautiful is a task Japan's beleaguered Tokyo Electric Power Co Holdings Inc is unlikely to relish. The company known as Tepco, which faces US$144 billion in clean up costs for the 2011 Fukushima nuclear meltdown, has been assigned with removing hundreds of thousands of utility poles across Tokyo so visitors to the 2020 Olympics can enjoy uninterrupted views of its famous cherry blossoms and neon-lit streets.
While this adds to the burdens of the embattled company, which is paying compensation to victims after a triple meltdown left it on the verge of default and in need of a government bailout, Yuriko Koike may not have sympathy. The Tokyo governor, co-author of the book No Power Pole Revolution, wants to accelerate plans to remove the poles from the metropolis - a project that could cost as much as US$6.8 billion.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant