MOTC solicits private sector investment in 52 projects

The Ministry of Transportation and Communications (MOTC) on Tuesday solicited private sector investment in 52 infrastructure projects worth approximately NT$100 billion (US$3.18 billion).

The ministry made the announcement during an annual investment project presentation event attended by representatives from 250 companies.

According to Deputy Transportation Minister Wang Kwo-tsai (???), over the past five years, the MOTC has successfully attracted NT$170 billion in investment for 87 projects, most of which were train and bus stations, airports, harbors and rest areas along major highways.

This year, the ministry is seeking investment in more projects than any other central government agency, he said.

Wang Hsiou-shih (???), head of the Ministry of Finance's Department for the Promotion of Private Participation in Infrastructure Projects, said government efforts to boost private sector participation in infrastructure projects has been extremely successful, with deals worth more than NT$1.1 trillion signed over the past 14 years.

Of these, most private sector investment -- 40 percent of the total -- has gone to the MOTC, she said.

Source: Focus Taiwan News Channel