[williamchung taiwan]

The “Private Participation in Construction and Operation of Municipal Land and Parking Lot on Block A25 of Taipei City Xinyi Project Zone” welcomes submission of tenders(Feb 8th, 2013)
Taipei City Government makes the official announcement about the most anticipated “Private Participation in Construction and Operation of Municipal Land and Parking Lot on Block A25 of Taipei City Xinyi Project Zone”that has opened for tenders’ investment and proposal submission (Feb 8th, 2013). The land registration is one parcel of land on Parcel No. 6, Subsection No. 3, Xinyi Section, Xinyi District, Taipei City (Street scene number A25),located at the North Eastern side of the intersection of Songgao Road and Songyong Road, Taipei City (as attachment).With area of 1.8 hectares (approximately 5,451 Pings), the base is the biggest undeveloped land in Xinyi Planned District. The land-use zoning is business facilities district with floor space index floor space ratio of 400%. The A25 project adopts the BOT(Build-Operate-Transfer) model under the Act for Promotion of Private Participation in Infrastructure Projects. The main infrastructure of this project is bus parking lot, and the private institution shall put an extra parking space for at least 30 large passenger vehicles aside from the legal parking units.
The Department of Finance (DOF) states that, the ancillary enterprises must follow the Urban Planning and relative laws and could be planned as shopping centers, recreational facilities, corporate headquarters/office buildings, international tourist hotels, restaurants or food/service business. Through attracting private investment and private participation in public construction under BOT model, it is to fulfill the objective of satisfying parking requirements for the tourist large vehicles, upgrading use of urban land, increasing city government financial income, reinforcing Xinyi business circle development, and improving social economic efficiency.

The DOF also states that the Royalty shall be a fixed amount to 18 billion NT dollars in reserved minimum price. The land rent will be based on 1% of the current announced land values during the construction period and 3% of the current announced land values during the operation period. The selection process includes: qualifications review, investment proposal, and bidding price of the royalty. For further information on eligibility, bid specifications, and other details, please refer to the tender documents.
The deadline for the tender submission is set at 5pm on June 10th, 2013. Interested investors may purchase the tender documents at the Administrative Services, Department of Finance in Taipei City Hall (address: 8th floor Central Area, No. 1, Shifu Road, Xinyi District, Taipei City）. Also, the Appendix Two to Sixteen of the tender documents are downloadable at the front page of the DOF Chinese version website.