Premier Jiang Yi-huah today commended the Ministry of Finance's (MOF) program on leasing state-owned land to private developers, saying this "superficies rights" model makes resourceful and effective use of idle land. The premier made the remarks at an Executive Yuan meeting as the MOF delivered its report.
The premier said a good example is the new building planned for the MOF's Training Institute, whereby a private developer constructs both government and commercial buildings on state-owned land. Using private capital for the construction of public office buildings will lower government expenses, while superficies rights fees and rental payments collected from the developer will generate income for the national treasury.
The premier urged other government agencies overseeing public assets to learn from the MOF's model, take inventory of unused national land, and find more innovative ways to develop that land.