January 23, 2026 Approval of JICT’s Decision Regarding the Target Project
(Target Project: Support for the Installation and Operation of Submarine Cables Connecting Japan, Malaysia and Singapore)
JICT (the Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services) is headed by OSHIMA Amane, President and CEO. The Ministry of Internal Affairs and Communications today approved JICT’s application for approval of its decision to support the Target Project.
Note: The published materials are in Japanese only.
1. Background
JICT submitted an application to the MIC for approval of its decision to support the Target Project, pursuant to Article 25, Paragraph 2 of the Act on the Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services (Act No. 35 of 2015).
In response to the application, the MIC examined the details of the support and the Target Project based on the JICT Support Standards (MIC Notice No. 412 of 2015). As a result, the MIC concluded that the application met the requirements of the JICT Support Standards. Today, the Minister of Internal Affairs and Communications approved JICT’s decision on the Target Project, as applied.
2. Overview of Target Project and Support
JICT, together with NTT Ltd Japan Corporation, Sumitomo Corporation, JA Mitsui Leasing, Ltd., and other partners, will provide loans and investments of up to US$73 million to support the project for the installation and operation of submarine cables connecting Japan, Malaysia, and Singapore.
In this project, Japanese companies will install and operate submarine cables in the target areas to meet demand for high-capacity communication lines amid a rapid increase in international telecommunications traffic. JICT’s support for this project will help strengthen the international competitiveness of Japanese companies and ensure economic security.
[Overview]
- ■ Target Project: Installation and operation of submarine cables connecting Japan, Malaysia and Singapore
- ■ Target regions: Japan, Malaysia and Singapore
- ■ Amount approved for JICT's support decision: Up to US$73 million
- ■ Co-investors: NTT Ltd Japan Corporation, Sumitomo Corporation, JA Mitsui Leasing, Ltd., and other partners
- ■ (Reference) JICT
JICT is a stock company founded on November 25, 2015 under the Act on the Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services. JICT provides funding and other support to those engaged in telecommunications, broadcasting, and postal services overseas and their supporters, by utilizing the knowledge, technology, and experience accumulated by Japanese business operators. This support aims to increase the demand common to domestic and international telecommunications, broadcasting, and postal services, and improve the profitability of Japanese business operators who meet that demand. In this way, JICT contributes to the sustainable growth of Japan's economy.
Contact
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Global Strategy Bureau, MIC