As cities build increasingly smart infrastructure, striking a balance between delivering real-time information to citizens and meeting environmental and aesthetic concerns is becoming a progressively pressing issue. One example is digital displays – while they offer clear advantages in delivering information, light pollution from displays is a growing concern for people, wildlife, and the climate….
Umiak Co. & Trans Co.’s histories of construction excellence began in 1962 when their parent company, Sencorp, partnered with General Electric Co. (GE) to build parts of Taiwan’s Ten Major Construction Projects, laying the foundation for what is now known as the Taiwan Miracle. Starting from 1976, Umiak Technology Co., Ltd. and Trans International Co….
Foreign investors have committed more than US$10 billion to long-term infrastructure and property development projects in Taiwan in just the last four years. While the international media often warns of geopolitical tensions over Taiwan, foreign investors are quietly pouring billions of dollars into long-term infrastructure and real estate projects on the island. Since 2018, foreign…
Taoyuan City, the gateway to Taiwan, occupies a core strategic position in terms of industrial internationalization, transformational development, and logistics management, and links Taiwan to the global market via sea and air transport. The Taiwanese government’s “Taoyuan Aerotropolis Project” reappropriates usage of the 4,564-hectare area of land surrounding the Taoyuan International Airport through urban planning….
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Higher growth forecasts meet concerns of overheating As the first quarter comes to a close, many economic institutions are raising their forecasts for Taiwan’s 2021 economic growth. On March 24, the Yuanta-Polaris Research Institute projected annual GDP growth…
The Taoyuan Aerotropolis is the largest infrastructure project undertaken in Taiwan since the “Ten Major Infrastructure Projects” of the 1970s. With expected total investment of more than NT$500 billion (US$16 billion), it will create NT$2.3 trillion (about US$75 billion) in economic value, generate 20,000-30,000 job opportunities, and bring concrete benefits to both the aviation and…
The Aerotropolis is more than a beautiful plan; it is the key to driving the Taiwan economy to new heights. Taoyuan is the gateway to Taiwan and a key aviation hub for the Asia-Pacific region. In an era of increased global competition, airport-centered economic activity has become one of the main engines of urban development….
The government seems receptive to the idea of greater flexibility in public-project contracts. In each of the last two editions of AmCham Taipei’s annual Taiwan White Paper, the Chamber’s Infrastructure & Engineering Committee encouraged the government to make use of an option called “alternative methodology” when tendering public infrastructure projects. Increasingly common in other construction…
The Taiwan government is encouraging the country’s insurance companies to tap into their NT$23 trillion (US$767 billion) in insurance funds to help support national infrastructure and development projects. At the top of the list is the green energy portion of the government’s “5+2” key innovative industry program. With the ruling Democratic Progressive Party (DPP) committed…
The Tsai Ing-wen administration sees substantial infrastructure investment as the key to economic revival. The Forward-looking Infrastructure Development Program now being implemented focuses on eight different categories. The segment devoted to rail transportation has drawn the most attention. Low domestic investment has long plagued the Taiwan economy. The insurance industry alone has accumulated NT$25 trillion…
