Japan Highway Public Corp. will set up a preparatory panel Feb. 1 ahead of its planned privatization in fiscal 2005, Japan Highway President Takeshi Kondo said Wednesday.
He said the panel, to be headed by Kondo, will study the introduction of corporate accounting methods and how to divide the privatized company by region.
The secretariat of the panel will consist of related departments and divisions centering on the Bureau of Privatization, established in May by former Japan Highway President Haruho Fujii.
Kondo said Japan Highway will also set up restructuring headquarters Feb. 1 to cut costs related to the construction and management of expressways and other operations.
He said he plans to invite top officials of private firms to take part in both the preparatory panel and the restructuring headquarters.