News
Government seeking private investment in infrastructure
Courtesy of ICRT
The National Development Council says it's seeking private investment in public infrastructure projects.
The NDC's Economic Development Department says the government is set to create a ministerial-level mechanism to encourage such investment in order to "boost cooperation between the government and the private sector in jointly building Taiwan."
Department head Chiu Chiu-ying says the mechanism will bring together officials from the NDC, the Ministry of Finance and the Financial Supervisory Commission to work with private enterprises who are interested in investing in "major public infrastructure projects" projected to "yield stable returns."
Chiu also says it's hoped that bringing in private capital for public projects will help alleviate financial burdens on both central and local governments. Planned public projects that could look for private investors will include a long-term care facility in Taipei, a recreational park in Tainan, and a train station building in Kaohsiung featuring office space.
