The China Post news staff
TAIPEI, Taiwan — The government will pump NT$470 billion into the Taoyuan Aerotropolis Project, as it is one of the country’s most important development projects and will guide the island’s future industrial development, new Transportation Minister Yeh Kuang-shih said yesterday.
The project, launched in September 2012 and being designed for the area surrounding the Taiwan Taoyuan International Airport, is slated to be completed in 2030. Once the project is finished, it is expected to generate NT$2.3 trillion (US$78 billion) in economic benefits, bringing annual tax revenue of NT$84 billion and 260,000 job opportunities.
“If the project fails, it would mean the end of Taiwan, given the great importance of the project,” Yeh stressed in the interview.
As part of the project, the government will set up a third terminal at the international airport. Yeh said he hopes that the completion of architecture designs for the new terminal can be completed by the end of 2014. “We hope to set up a new terminal that not only makes passengers feel comfortable but can also serve as a new shopping center for locals,” Yeh said.
The project will also involve the creation of a new residential community accommodating up to 15,000 households, or 40,000 to 50,000 residents. Yeh said he hopes land requisition for this community can be kicked off in mid-2014 or by the end of 2014 at the latest.
The new community will alter the living habits of residents, Yeh said, as it will be an “intelligent” community featuring green buildings, the most convenient broadband network, eco-friendly water and power consumption infrastructure, and an integrated education system from kindergartens to senior high schools.