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Premier announces development plan for government land

Premier Chang Chun-hsiung (張俊雄) yesterday said that at least 105,000 job opportunities would be created and at least NT$380 billion (US$12 billion) in net profit would be collected every year from the government's plan to develop four plots of state-owned land.

Although criticized by the pan-blue camp as part of a government trick to boost electoral support by announcing and introducing important policies each week, Chang announced the development plan during yesterday's Cabinet meeting.

"At these four locations, we will construct and make a new business and tourism center, a financial management and digital communication center, a high-tech industrial park and residential housing. It will help re-invigorate Taiwan's economy," Chang said.

The four plots of land are located between Keelung Railway Station and Keelung Port's West 1 and West 2 harbors, where a new business and tourism center will be built; in Taipei's "Huakuang District" next to the Taiwan Democracy Memorial Hall, where the financial management and digital communication center will be built; alongside Nangang Railway Station where the tracks used to run before being relocated underground, where a high-tech industry park will be built; and along the railway that runs through Kaohsiung Port, where residential housing will be constructed.

Chang said that the plans for the "Huakuang District" will turn it into "Taiwan's Wall Street."

The premier also said that these four plots of land will remain under the government's ownership, not sold to private investors.

"It is our calculation that approximately 1.75 million households are living in buildings that are older than 40 years and these buildings need to be renovated," Chang said. "We want to elevate our process of renewing our cities and make our environment a better one. This is just the beginning."
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