TNC Business Strategy Research
Taiwan 2020 Ministry of Finance Investment Convention Kicks Off
Ministry of Finance Investment Convention Kicks Off
In an effort to stimulate the investment potential of public works in the country and quickly bring together the private sector to tap into public works investment opportunities, the Ministry of Finance convened the “Taiwan PPIP investment convention and awards ceremony” at the Taipei International Convention Center in August 2020. In total 72 public works projects worth more than NT$180 billion were announced, including the promotion of private participation in infrastructure projects, land development (including the creation of superficies), government-led urban renewal, and rental.
The Ministry of Finance pointed out that public infrastructure is critical to the quality of life and is also an important foundation for driving economic growth. The adoption of the public-private partnership (PPP) model can help guide resources from the private sector into public infrastructure projects and is also the focus of Taiwan's administrative policies.
The investment conference introduced projects will be announced in the 2nd half of 2020 and 1st half of 2021. The more high-profile cases included the “Creation of Superficies for Land in Beitou District, totalling NT$31.8 billion,” “Development and Management Project for Taichung HSR Station Area, totalling NT$14.7 billion,” “Construction and Operation Investment in Tourism and Recreation Area of the Port of Taichung, totalling NT$12 billion,” “Kaohsiung Lotus Pond Lakeside Development Project, totalling NT$12 billion,” "Development Project of the Passenger's Complex Commercial Building of the Port of Keelung, totaling NT$10.95 billion,” “The Build-Operate-Transfer (BOT) Project of Taichung City Rehabilitation Hospital and Taichung City Geriatric Hospital, totaling NT$8.4 billion,” and “Taichung Multifunctional Arena OT and BOT Project, totaling NT$8 billion.”