Department of Rapid Transit Systems

For "aipei Main Station District Parcel C1 and the eastern part of D1 Land Development Project"(referred to below as C1/D1 Land Development Project), due to the failure of the original optimal applicant, Nan Hai Development Ltd., to establish a new project company and sign an investment contract with Taipei City Government within the notification period, the company's optimal applicant qualification status has been waived. Furthermore, the company's two cases of temporary status proposals have been rejected by the court. In accordance with C1/D1 Land Development Project selection document regulations, Taipei City DORTS has evaluated and informed runner-up applicant, the Hongwell Group, of their eligibility fill the vacant position. After receiving written notification from Taipei City DORTS, completing the establishment of a new project company, and paying NT$1.8 billion in performance bonds, the Hongwell Group will be able to sign an investment contract with Taipei City Government and formally obtain investment development rights.

After the original optimal applicant for C1/D1 Land Development Project, Nan Hai Development Ltd., obtained optimal applicant status on December 27, 2018, they submitted an application to Investment Commission, MOEA for the establishment of a new project company. However, the application was rejected in June 2019, and Nan Hai Development Ltd. appealed to the Supreme Administrative Court for provisional status twice. Although Nan Hai Development Ltd. has submitted appeals to both the Executive Yuan and Taipei City Government, and the trials are currently underway, in accordance with Law of Appeals Article 93, Item 1, "the enforcement of an administrative action shall not be stopped by the commencement of an administrative appeal, provided that other Acts stipulated otherwise." Consequently, in accordance with Investors Notice Article 12 regulations, after submitting a report to Taipei City Government for approval, DORTS should immediately seek out runner-up investors sequentially or publicly re-solicit investors.

Reviewed and assessed by DORTS, the resumption of investor solicitation would be costly and time-consuming, and it is uncertain that investors would bid; therefore, if a runner-up applicant is utilized to fill the position, not only would the time schedule for investor solicitation and development tasks be reduced, but it would also enable the development of the high rise building to be completed early for business operation, driving the prosperity of the overall Taipei Main Station and the rear station business district. Following the completion of development, it is anticipated that Taipei City Government will collect an annual rental income of approximately NT$1.87 billion and provide 16,000 employment opportunities; moreover, the city will receive an additional approximately NT$1.46 billion per year in property taxes, generating an annual economic output value of over NT$100 billion. This will promote domestic economic development and enhance national competitiveness.

DORTS emphasized that in order to implement the C1/D1 Land Development Project as a "national gateway and capital landmark" and to facilitate the reappearance of a new aesthetic for the Western District Gateway, which will create a win-win situation with residents and landlords, they will promote the implementation of the case as quickly as possible. In addition, after the contract is signed, DORTS will implement investment contract performance management and supervise investors to complete the development objectives for the case according to schedule.