MOTC launches private investment projects

2014-10-30

A record NT$128.4 billion (US$4.22 billion) package of infrastructure projects spanning aviation, land transportation, shipping, tourism and postal services was unveiled Oct. 28 by the Ministry of Transportation and Communications.

“These 53 projects will provide additional investment options for private funds, strengthen local infrastructure and revitalize idle or low-utilization properties,” MOTC Minister Yeh Kuang-shih said. “By involving the private sector, we are enhancing the quality of Taiwan’s public services and driving economic growth nationwide.”

Yeh made the remarks at the package launch attended by more than 300 officials and representatives from the local construction, life insurance, logistics, real estate, tourism and transportation sectors, as well as representatives from the American Chamber of Commerce in Taipei.

Among the projects, the urban renewal of Taiwan Railways Administration’s Kaohsiung Station tops the list at NT$31.3 billion. This is followed by a similar investment near the Taipei Main Station at NT$21.1 billion, and a development close to Taipei Songshan Airport at NT$20 billion.

The MOTC said an earlier investment conference held Oct. 13 in Kaohsiung City attracted more than 300 participants, including officials and representatives from the Kaohsiung Office of Tokyo-based Interchange Association, French Institute in Taipei, and Indonesian Economic and Trade Office.

At the Kaohsiung event, Taiwan International Ports Corp. signed 10 investment agreements totaling NT$7.7 billion with local and foreign firms for ports like Kaohsiung, Keelung, Taichung and Taipei.

According to the MOTC, the undertaking is just one dividend of the government’s Free Economic Pilot Zones and augurs well for attracting future investment.

Source: Taiwan Today (http://taiwantoday.tw/ct.asp?xItem=223412&CtNode=413)