On December 2, 2009, the Executive Yuan approved the CEPD’s overall plan for the i-Taiwan 12 Projects. The plan calls for total spending estimated at NT$3.99 trillion, including government spending of NT$2.79 trillion and private investment of roughly NT$1.2 trillion, during the 8-year implementation period from 2009 to 2016. The 12 prioritized infrastructure projects that will be carried out during this period consist of 284 implementation items for building a fast and convenient islandwide transport network, carrying out remodeling of Kaohsiung Port and City, developing new high-tech industrial clusters in central Taiwan, constructing the Taoyuan Aerotropolis, building an intelligent Taiwan, developing industrial innovation corridors, carrying out urban and industrial zone renewal, regenerating farm villages, restoring coastlands, planting forests, carrying out flood-control works, and expanding sewer systems. The continuous implementation of these projects is projected to add an average of 2.95 percentage points to real GDP growth each year, and to provide 247,000 job opportunities. The plan's implementation status is as follows:
I. Improving the people’s living environment and creating foundations for the long-term development of the national economy:
As of the second quarter of 2011, 99% of the project items had been approved for implementation. Approximately NT$90.9 billion of the government budget was in implementation, for an implementation rate of above 90% of scheduled progress. Private investment had reached roughly NT$265.6 billion, at about 106% of the target rate. Co-participation and co-implementation by the public and private sectors had achieved excellent results in carrying out the projects. Furthermore, to ensure full realization of the project goals, the government had prescribed rules for operational control requiring quarterly compilation and tracking of overall project implementation status and results. The effective implementation of this plan has not only improved Taiwan’s infrastructural environment, but also, through the spurring effect of government spending on private investment and consumption, had helped raise the number of persons in employment to an 8-year high of 10,696,000 in June 2011. Important concrete results include:
— Greatly increasing the number of people served by public transportation to 5,020,000 per annum; building an island-wide bikeway network, with a total of 1,437 km of new bikeway added by the end of 2010, to substantially increase the bicycling population and create a low-carbon LOHAS environment; and raising the high-speed broadband network coverage rate to 85.15%, increasing the ratio of the population with internet access to 75.6%.
— Comprehensive improvement of urban and rural environments, with the number of government-led or government-supported urban renewal projects sharply increased to 333, and farm village regeneration manpower cultivation communities established at 1,500 locations.
— The improvement of 164 square kilometers of flood-prone land in the past 3 years, and the area of forestation annually averaging 4.6 times the area of the preceding 5 years.
II. Attracting global investment in the i-Taiwan 12 Projects
To attract investment from the private sector and ensure the smooth implementation of projects, the government selected project items from the i-Taiwan 12 Projects that met the criteria of maturity and possession of commercial opportunity, and included these as main-theme projects of the Invest in Taiwan initiative. Those selected included project items in the central Taiwan new high-tech industry clusters, Taoyuan Aerotropolis, intelligent Taiwan, urban and industrial zone renewal, and industrial innovation corridor projects. These are being actively promoted to attract participating investment from domestic and foreign enterprises.
To further alleviate the government's fiscal burden, promote private investment, and raise the self-liquidation of the i-Taiwan 12 Projects, the government has also used such strategies and methods as actively conducting the review and approval process, combining public construction with land development, integrating cross-regional and cross-sectoral planning, utilizing user- or beneficiary-pays mechanisms, and employing enterprise matchmaking and adoption mechanisms, to effectively conserve the government’s project budgets.
Carrying out the i-Taiwan 12 Projects, to create the foundations for a century of development