Sep 03, 2018 Legal Comments Off on Taiwan aims to add over 500 hectares of land for industrial use
Taipei, Taiwan's Ministry of Economic Affairs (MOEA) said on Monday that it plans to raise the land supply for industrial use by more than 500 hectares by the end of 2020.
In a seminar on the development of new industries in cities and counties around Taiwan, Economic Minister Shen Jong-chin (???) said since Taiwan has a shortage of land for industrial use, the government is determined to boost land supply to solve this problem.
For a long time, Taiwan has been suffering from the so-called "five shortages" -- land, water, electricity, skilled workers and manpower, which have long been a complaint of the industrial sector.
In terms of land shortage, Shen said the MOEA has come up with a program in which land supply is expected to increase in four stages by the end of 2020 on the back of government subsidies valued at NT$13.5 billion (US$440 million).
The program will have two parts, Shen said, and the first will target idle land in the existing industrial parks in Taiwan.
For the idle land, Shen said, the MOEA will build roads and water drainage facilities which will abide by environmental protection laws to boost the use of such land, while the ministry will also strengthen security and introduce smart management for the land in the existing industrial parks.
As a result, the industrial parks are expected to release about 146 hectares of land by the end of 2020, according to Shen's estimate.
In the second part of the program, Shen said, the government will provide financial aid to seven city and county governments to help them build new industrial parks.
The seven are Taoyuan, Taichung, Changhwa, Nantou, Yunlin, Kaohsiung and Pingtung, according to Shen.
By doing this, Shen said, the MOEA will push for 13 new industrial development projects in the seven cities and counties. He said the move will add 396 hectares of land for industrial use.
In total, the program is expected to make available 542 hectares of land to accommodate new companies, which will lead to 54,200 new jobs being created, Shen said.
Chin Chai-hung (???), head of the Manufactures United General Association Of Industrial Park Of R.O.C., said land for industrial use accounted for only 1.35 percent of Taiwan's total land, but created 29.67 percent of the country's total gross domestic product.
In another words, land is valuable and land development should be the top priority for the government in carrying out its economic policies, Chin said.
Source: Focus Taiwan News Channel