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MOF to invest NT$200 billion in infrastructure development

TAIPEI, Taiwan -- The Ministry of Finance (MOF) announced recently that an NT$200 billion package of infrastructure development plans, spanning 48 build-operate-transfer, urban renewal and public land projects, according to local media reports.

The ministry said the projects are open to private investment, which will be reviewed at the package's official launch during an investment promotion conference in Taipei on March 20.

An MOF official revealed that there were 103 cases of private participation amounting to NT$77.5 billion in public projects last year. The MOF expects this investment to add NT$28.7 billion to the government's revenues and generate 17,000 jobs.

The MOF said it plans to capitalize on growing private investment momentum in Taiwan by holding a second investment promotion event later this year.

According to a MOF dispatch, the 48 public works are situated around the country in locations such as Kaohsiung, Kinmen, New Taipei, Taichung, Tainan and Taipei. They include large-scale developments each with an estimated value of up to NT$29 billion.

One of the leading undertakings involves an NT$28.6 billion urban renewal project in Taipei's Nangang District. The prime location of the site is expected to attract broad interest from developers at home and abroad.

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