Patience Capital Group teams with Shinano Railway for tourism and regional growth
- Adam German
- Mar 6
- 1 min read
Updated: Jun 6
Updated with news footage of signing ceremony and new partnership agreement date.
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.
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Additionally, efforts will be made to improve commuting convenience for resort staff and strengthen railway sustainability through increased ridership and regional engagement initiatives.
Nagano local news spot on the signing ceremony, subtitled in English.
A signing ceremony was originally scheduled for March 6th at the Nagano Prefectural Office, with PCG CEO Ken Chan and Shinano Railway President Tomonori Tsuchiya scheduled to be in attendance.
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However, due to the JR Shinkansen decoupling event that also happened on the 6th, the actual signing didn't take place until March 25th.
The agreement runs for five years, with automatic renewal beyond that period.
Source:
Nikkei Shimbun (Japanese only; paywalled)
