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Department of Rapid Transit Systems

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The 2nd Circular Line Land Development Projects Investor Recruitment Explanatory Meeting Welcomes People from all Walks of Life to Attend

Taipei City Department of Rapid Transit Systems (DORTS) on January 16th at 2:30 PM in the Metro Link International Hall on Floor B1 of the Taipei Rapid Transit Administrative Building (No.7, Lane 48, Section 2, Zhongshan North Road, Zhongshan District, Taipei City) held the 2nd investor recruitment explanatory meeting for the selection of investors for the Circular line Phase I Zhonghe Station (Y11), Qiaohe Station (Y12), and Zhongyuan Station (Y13) land development projects. On January 14, the basic information, application conditions, land owner minimum distribution ratio and selection requirements, precautionary items in applications, and excerpts of important contract contents were announced for the three development projects on the Circular line, in order to carry out explanations and on-site Q&A. People from all walks of life are welcome to attend.
DORTS stated that following the first investor recruitment explanatory meeting in December of last year for land development projects of the three stations on the Circular line Phase I, a series of potential investors made inquiries about the details of each development project. In order to enable the investors to fully understand the relevant provisions for the selection of investors and precautionary items, DORTS made a point of hosting a second explanatory meeting during the investment announcement period to attract active investment from investors by providing explanations and exchanging views. The investor application deadline is at 11:00 am on May 29, and the selection procedure, qualification standards, specification standards, and price standards will be delivered at one time with the bidding carried out in sections. If the recruitment of investors is completed smoothly, investment contracts are expected to be signed in the third quarter. DORTS also stated that for the sake of transparency in tasks for the solicitation of investors, DORTS has stipulated the “Taipei City DORTS Precautionary Regulations of Interviewing with the Potential Investor for the Land Development Projects.” Furthermore, potential investors or stakeholders are welcome for application interviews in accordance with regulations as well as face-to-face communication to clearly explain the requirements and problems of each development project.
DORTS explained that Taipei City Government has accepted the commissioning of New Taipei City Government for the administrative handling of the Circular line design planning (Phase I) land development projects, and after New Taipei City Government completes related financial planning and urban planning revision procedures, Taipei City Government will accordingly implement land development projects for seven stations. In this case, all the private landowners of the Zhonghe Station, Qiaohe Station, and Zhongyuan Station will participate in land development without involvement in land expropriation. For inquiries about announcements related to this case and documents related to station bases, the Department of Rapid Transit Systems, Taipei City Government official website/land development information section (development announcements and land development projects) can be consulted, and people from all walks of life are welcome to make online inquiries.