FUNABASHI MORINO CITY Wins World Smart Cities Award Tokyo, Dec 13, 2013 - (JCN Newswire) - FUNABASHI MORINO CITY, an eco-friendly town development project undertaken by Mitsubishi Corporation (MC) and Nomura Real Estate Development Co., Ltd. (Nomura Real Estate) in Funabashi City, Chiba Prefecture, is the winner of a World Smart Cities Award. The Award, which falls in the Project category, was issued as part of the Smart City Expo World Congress 2013 held in Barcelona, Spain, and recognizes the project's "Smart & Share Town" concept as an initiative that continuously creates environmental value. - What kind of town development does FUNABASHI MORINO CITY pursue? FUNABASHI MORINO CITY is an eco-friendly town development project undertaken by MC and Nomura Real Estate at an old factory site of Asahi Glass Co., Ltd. in Kita-Honcho 1-chome, Funabashi City, Chiba Prefecture. In order to both share and make sensible use of space and energy, the project capitalizes on advanced environmental technology and ICT to lay the foundation for a low-carbon city, while at the same incorporating the traditional wisdom and ingenuity associated with housing, including the flow of wind and the relationships with greenery and with the sun. The project also aims at creating "future hometown" which is open to local community while continuing revitalization of the town and supporting daily lives, which reduces environmental impacts by connecting people, nature and technology, and which evolves and becomes more "friendly" through connection and mutual help between people. To that end, the project helps residents nurture and share civic pride, making them feel attached to or proud of their town, provides support for community creation and development, and promotes activities closely related to the local community and the town. In this connection, the World Smart Cities Award's Project category recognizes the fact that this is not just a project in the experimental stage but a large-scale private-sector re-development initiative fully incorporating advanced environmental technology that covers housing, commercial facilities, and a hospital, as well as the fact that it has developed low-carbon infrastructure, and includes mechanisms for area management. Recognition - - The project is based on an innovative urban redevelopment plan that combines a wide variety of smart city solutions, such as energy efficiency improvement, sustainable environmental considerations, and the use of ICT. - These initiatives are playing effective and crucial roles in community activities. - World Smart Cities Awards The Smart City Expo World Congress 2013 was held in Barcelona, Spain from November 19 to 21, 2013. Some 9,000 visitors from nearly 400 cities from 29 countries had discussions and exchanged opinions about the development of a sustainable society. The international congress established the World Smart Cities Awards to recognize cities, projects and innovative solutions that contribute to its concept. Award winners are selected by a jury comprising of representatives from the World Bank and other external experts. The 2013 awards received over 200 entries in total from 35 countries for the three categories of city, project, and innovation. From among finalists in the project category, including entries from Germany, Denmark, Spain, and China, FUNABASHI MORINO CITY from Japan was selected as the winner. Winners in the City and Innovation categories were Rio de Janeiro, Brazil and an information sharing system from Spain, respectively. - FUNABASHI MORINO CITY Project Outline Address: 811-2 Kita-Honcho 1-chome, Funabashi City, Chiba Prefecture Access: 14-minute walk from Funabashi Station on the JR Sobu Line Total site area: About 11.2 ha at Shin-Funabashi Station East Zone (plus about 6.4 ha at AEON Mall Funabashi) Project outline: 1,497 condominium units (blocks I to V), 42 detached houses, a large shopping center, a supermarket,a hospital, child-raising support facilities Project owners: Mitsubishi Corporation (formulates the town development concept, forms the consortium for implementing the concept, and manages the entire project from site acquisition to zoning and development) & Nomura Real Estate Development Co., Ltd. (manages the residential development project for implementing the concept) About Mitsubishi Corporation Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com. Contact: Mitsubishi Corporation Tel: +81-3-3210-2171 Fax: +81-3-5252-7705 Copyright 2013 JCN Newswire. 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FUNABASHI MORINO CITY Wins World Smart Cities Award
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