Premier touts benefits of public-private partnerships at solicitation convention

  • Date: 2019-06-14
  • Source: Department of Information Services, Executive Yuan

Premier Su Tseng-chang on Friday attended the 2019 Taiwan PPP Solicitation Convention, where he said that the government has for many years encouraged public-private partnerships in the hope that the private sector will invest in public infrastructure projects and that the resources can be put to good use. This mutual cooperation between the government and private enterprise will ultimately benefit the public and produce a win for all involved.

In recent years private participation in public construction projects has become more and more successful, said Premier Su. Thanks to the combined efforts of the government and private enterprise, private sector investment in public works has also grown rapidly, showing a four-fold increase from 2016’s NT$60 billion (US$1.9 billion) to NT$240 billion (US$8 billion) in 2018. Looking ahead, the Ministry of Finance has already mapped out opportunities for private firms to invest up to NT$100 billion (US$3.2 billion) in 48 public construction projects between the second half of 2019 and the first half of 2020. An enthusiastic response from all sectors is anticipated, with the government to provide convenient and effective service, as well as assistance with not just turning a profit but also developing beneficial partnerships.