Sinking under debt, Kansai airport privatization presents test for Abe

March 13, 2015 8:42 AM

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TOKYO (Reuters) - After building an artificial island off Osaka to host a gleaming, new airport in 1994, officials discovered it was sinking into the sea.

More than 20 years later, the high-stakes deal to privatize Kansai International Airport could be at risk of a similar fate, an embarrassing setback in Prime Minister Shinzo Abe's drive to attract investments and cut its massive debt.

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