At the Cabinet's weekly meeting Thursday, Premier Cho Jung-tai received a National Development Council report on the Trillion NT Dollar Investment National Development Plan. The premier said the plan utilizes three main strategies: innovative mechanisms to advance public-private partnerships; improved financing and investment conditions for public construction; and expanded financial products related to public construction. These strategies aim to channel abundant private capital into new infrastructure for the National Project of Hope, balanced development across Taiwan and other initiatives.
The premier instructed ministries and agencies to follow the government's public-private partnership mechanisms when reviewing newly proposed programs within their jurisdiction, prioritizing those that balance public interest with long-term stable returns and are conducive to private sector participation, thereby expanding project opportunities from their inception. He also directed the Financial Supervisory Commission to coordinate private sector proposals to ensure that monetary targets for private participation in public infrastructure projects are met nationwide over the next four years.
Premier Cho noted that the National Development Council's report also mentioned the government's issuance of sustainable development bonds. Considering the various types of debt issued by the government to finance public works, these bonds serve as an important channel for directing funds into national infrastructure, and he encouraged ministries and agencies to be more proactive in continuing to deliberate on this matter. Additionally, to facilitate a greater flow of insurance funds into strategic industries related to public infrastructure, he asked that the relevant government authorities take the initiative in disclosing which categories of strategic industries are closely linked to public construction.