The third terminal at Taiwan Taoyuan International Airport could be constructed under a build-operate-transfer (BOT) model and the possibility of foreign investment in the project cannot be excluded, an official said yesterday.
The third terminal will be far larger than the two existing terminals, the Ministry of Transportation and Communications (MOTC) official said.
In light of the involvement of foreign professional bidders in the planning, design and operation of other major airports in Asia, the official said, the MOTC does not rule out the possibility of allowing foreign investment in the construction and management of the new terminal, under the BOT formula.
The BOT formula allows private business groups to build and operate a public infrastructure construction project for a specified period of time and then transfer ownership to the government.
The official said that in November this year the Taiwan Taoyuan International Airport Administration is scheduled to be converted into a state-run corporate body in charge of the development and management of the whole airport and its surroundings, which will be tentatively known as the Taoyuan Airport Park.
The park will form the backbone of an ambitious Taoyuan Aerotropolis development program — one of the 12 iTaiwan projects outlined in President Ma Ying-jeou’s (馬英九) election manifesto.
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