An international developer bidding to build a casino resort on Matsu yesterday said it has budgeted US$2.5 billion to construct supporting infrastructure.
This will remove the biggest obstacle facing Matsu’s development: a lack of transportation infrastructure, Weidner Resorts chairman and CEO William Weidner said.
The money would be used mainly to upgrade Beigan Airport so that it can handle larger aircraft such as Airbus SAS’ A320s and Boeing Co’s 747s, Weidner said.
Photo: Tsai Wei-chi, Taipei Times
A bridge connecting the Matsu chain’s Beigan and Nangan islands, a ferry harbor and a yacht terminal would also be built, he said.
“[The project] will develop Matsu’s infrastructure and help connect it to the rest of the world,” Weidner said.
He said that the US$2.5 billion, which is part of the US$8 billion in funds for the entire project, came from Bank of America, Deutsche Bank, JPMorgan and Credit Suisse.
Weidner said the resort could generate 70,000 job opportunities.
Matsu County residents approved a referendum in July last year allowing casinos to be built on the island chain.
However, such projects cannot proceed until a bill governing the operation of casinos is passed by the legislature.
The Cabinet is currently working on drafting legislation toward that end.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS