Sat, Jan 14, 2012 - Page 2 News List

Ministry prepares to set up Taiwan Port Co

FUNCTIONS:The state-run firm is expected to integrate the operations and resources of Taiwan’s five seaports to generate revenue and could also invest in ports in other nations

By Shelley Shan  /  Staff Reporter

The Ministry of Transportation and Communications said yesterday the soon-to-be-established state-run Taiwan Port Co would stipulate competitive strategies for the nation’s five major seaports for the next five years.

Currently, the nation has five seaports — Keelung Port, Taipei Port, Taichung Port, Kaohsiung Port and Hualien Port. Keelung Port and Taipei Port, which is in Bali District (八里), New Taipei City (新北市), are under the administration of the Keelung Harbor Bureau, while the rest of the seaports are managed by the respective harbor bureaus in Greater Taichung, Greater Kaohsiung and Hualien City. Under the ministry’s plan, the state-run port company will integrate the operations and resources of the five seaports.

The company is to be overseen by the National Harbor Bureau, which would also be in charge of levying fees from the port company and handling affairs related to the rights of the public.

Department of Aviation and Navigation Deputy Director-General Chen Chin-sheng (陳進生) said the ministry has established two task forces to prepare for the establishment of the port company and the National Harbor Bureau.

“We will have an inauguration ceremony on March 1,” Chen said. “All the ports have been asked to stipulate a comprehensive plan from this year to 2015. The port company will merge these plans into one, which will then be submitted to the Executive Yuan for review.”

Chen said the five-year plan would review the status of domestic and international markets, and present results of Strengths, Weaknesses/Limitations, Opportunities and Threats (SWOT) analyses on each of the nation’s ports. It will also identify competitive strategies, including improving infrastructure and attracting foreign investment.

Chen said the corporate-style management would bring in the flexibility needed to generate additional revenues for the ports, which face strong competition from ports in China.

“It [having a port company] could allow us to invest in ports in other nations,” Chen said, adding that the company could form strategic partnerships with ports in China.

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