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2018-08-21
39 private participation contracts, totaling NT$65.7 billion, have been signed as of the end of July, 2018. The amount more than doubled on a YOY basis (NT$27.6 billion last year), and these contracts will contribute to improvement of public infrastructure services in Taiwan in terms of both quantity and quality. 25 more contracts, totaling NT$25.5 billion, are expected to be signed by the end of 2018. These contracts include private participation in the Kaohsiung Linhai Wastewater Treatment Plant and effluent water recycling BOT project (NT$4.05 billion), the Taoyuan City Biomass Energy Center BOT project (NT$3.5 billion), and the Chiayi Alishan Linye Village BOT+ROT+OT project (NT$3.2 billion).
The Ministry of Finance state that the Enforcement Rules of Act for Promotion of Private Participation in Infrastructure Projects was amended on June 8, 2018 for the purpose of expanding the range of infrastructure projects available for private participation and guiding the private sector to invest in public infrastructure and create growth in related industries. Regarding the amendment, reclaimed water facilities and domestic and industrial sewage and treatment facilities were added to sewage facilities available for private participation under Article 5, an addition which had been made to increase investment scale and thereby spark investor interest. The scope of sanitation and medical facilities under Article 8 was expanded by replacing vaccine production facilities with pharmaceutical manufacturing facilities to create a more conducive environment for introducing private pharmaceutical manufacturing technologies and management resources and experience to fuel growth in the medical care industry. To shorten the administrative process, Article 9 was amended to explicitly name long term care facilities as social welfare facilities and exempt them from the central competent authority’s designation on a case-by-case basis. Locations of large shopping centers under Article 18 were amended to loosen previous restrictions of allowing developments in the offshore islands only in the interest of facilitating economic growth and enforcing the Executive Yuan’s policy to accelerate investment in Taiwan.
The Ministry of Finance furthermore says that, in compliance with the Executive Yuan’s policy to deregulate, the Ministry, as of the end of July 2018, had amended 1 regulation and order, 3 administrative directives, and 15 operating guidelines. As an ongoing effort to create an investor-friendly environment and build confidence in private participation projects, the Ministry will continue to review and modify private participation mechanisms in the second half of 2018.
The establishment of related laws however does not guarantee full enforcement. The success or failure of private participation is therefore predicated upon the extensive regulatory knowledge and actual practice of the competent authorities and how they improve their operational mechanisms in each stage of project procedures. In accordance with the amendment of the Act for Promotion of Private Participation in Infrastructure Projects in late 2015, the professional private participation promoter certification program was established in 2016 while private participation promotion training courses and seminars are held on an ongoing basis to build consensus. A total of 18 training courses and seminars have been organized as of the end of July, 2018, and attended by a total of 1,278 participants from 13 institutions. Training participants gave positive feedback and said the courses and seminars helped improve their professional skills.
Private participation can be divided into 14 categories that encompass 21 types of public infrastructure including transportation, educational/cultural facilities, commercial tourism, and business facilities, all of which play a key role in the everyday life of our citizens. The public-private partnership (PPP) model is adopted to implement key policies such as introducing business management philosophies, improving public services, facilitating economic growth, and creating jobs. The Ministry of Finance will continue to optimize private participation laws and the investment environment, help organizers improve private participation promotion performance, implement government policies and targets, and improving public services.
Media Contact: Chih-Wei Wang, Section Chief, Mei-Ching Hung, Section Chief
Telephone: (02)2322-8214, (02)2322-8460
Source: Ministry of Finance
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