On Oct. 17, 2017, MOTC launched the annual investment solicitation convention in the fifth-floor conference hall at GIS MOTC Convention Center. The convention was organized by BOHSR and the theme was “Intelligent New Trends; Leaping Forward to Another Foresight”, which released a total of 150 billion NT dollars in investment and procurement opportunities. Among the opportunities, 100 billion are public construction investment and procurement cases; 45 billion are procurement cases for the spare parts and maintenance of the foresight railway infrastructures. The event attracted a total of nearly 250 domestic and foreign business parties.
In the speech of Political Deputy Minister of MOTC, Kwo-Tsai Wang, he said that in order to promote the development of land, sea and air transport as well as tourism industries, in addition to the loosening of policies and regulations, MOTC also actively invites private sectors to be a part of the business. Moreover, in order to implement the Foresight Railway Infrastructure Plan, to promote the development of relevant railway industries, and to facilitate the formation of a localized railway supply chain, a special dedicated display area has been set up at the conference for the first time, which included the THSRC’s “High-speed Rail Localization Investment Project”. This project comprised four types of procurement cases: maintenance materials, maintenance equipment, system updates and technical services for the next 10 years; the estimated purchase amount of this project is 17 billion NT dollars. As for the TRA’s “Taiwan Railways Localization Investment Project”, it includes the vehicles, power, railway and spare parts for the next 10 years; the estimated amount of domestic production system purchase is 28 billion NT dollars. The total purchase amount of the two projects reached 45 billion NT dollars. The specialized zone also displayed related plans of the Foresight Railway Infrastructure Plan and land development cases of TRA and HSR. The BOHSR “Business Development Area of HSR Taoyuan, Taichung and Tainan Station Development and Management Projects” are the flagship cases of the event. The total amount of these investment cases is about 28.2 billion NT dollars which is hoped to drive the development of the HSR station districts.
Due to the huge business opportunities released by the event, many well-known domestic and foreign manufacturers have been attracted to attend. In addition to the leading duty free store in Taiwan, Chairman Su-Ching Ku of Tasa Meng Corporation and General Manager Shitamachi Ichiro of Mitsui Fudosan Taiwan Co., Ltd., many life insurance, department stores and construction industry companies also sent representatives to attend the event, including Fubon, Shin Kong, Cathay Life Insurance, Breeze, Ruentex Construction and development, Cathay Real Estate and Kindom Construction Corporation. In terms of the rail industry, in addition to the attendance of CEO Kung-Yeun Jeng of THSRC and Chairman Li-Liang Chou of CECI Engineering Consultants Inc., a number of domestic and foreign industry workers were also present at the conference, including related industries such as information, steel, electronics and consultancy manufacturers. In addition, research institutes such as NCSIST and ITRI also attended the event, showing the determination of industry, academia and government to jointly promote the localization of railway industries. On the other hand, American Institute in Taiwan, the Australian Office Taipei and the European Chamber of Commerce also assigned representatives to attend to understand relevant business opportunities.
In order to enhance the momentum of investment, Premier Lai of the Executive Yuan has instructed that economy should be the highest priority for the government and should call on domestic and foreign firms to jointly invest in Taiwan. The investment conference fully demonstrated the high motivation of the MOTC and its affiliated agencies and institutions, as well as enthusiastic and positive investment desires of well-known domestic and foreign manufacturers. Looking forward, more industry professionals are expected to invest in major domestic transportation and tourism facilities and the railway industry. The investments shall bring civilian vitality, funds and talents into Taiwan and create a sustainable and bright future for Taiwan.