Finance minister hoping for infrastructure boost

By Amy Su  /  Staff reporter

Fri, Jan 04, 2013 - Page 13

Minister of Finance Chang Sheng-ford (張盛和) said yesterday that the ministry expects to introduce NT$150 billion (US$5.16 billion) in capital from the private sector this year through the Department of Promoting Private Participation in Infrastructure Projects.

“The move is similar to saving NT$150 billion from the national coffers,” Chang told reporters on the sidelines of a legislative question-and-answer session.

The business of promoting private participation in infrastructure projects (PPIP) — which was originally managed by the Public Construction Commission — has been transferred and put under the jurisdiction of the Ministry of Finance, following the ministry’s latest restructuring.

The government introduced NT$123.8 billion from PPIP last year, up from NT$40.1 billion recorded in 2011, said Tseng Kuo-chi (曾國基), director of the new department.

Encouraged by a strong showing last year, the department plans to launch between 100 and 120 PPIP projects this year, with a target of raising NT$150 billion from the private sector, Tseng said.

The projects are also expected to generate business opportunities worth around NT$200 billion, he said.

The indicative projects to be launched this year may include an international build-operate-transfer (BOT) project in the A25 land plot at Taipei’s Xinyi District (信義) and an state-run urban renewal project in Taipei’s Nangang District (南港), he added.