Taiwan ports get $2bn investment pledge from 18 companies
Taiwan International Ports Corporation (TIPC) has welcomed a pledge of more than NT$55.4bn ($2bn) worth of investments from 18 companies to develop various areas of businesses to complement the services of Taiwan's four main sea ports, Seatrade Asia online reports.
The investments are expected to generate taxes of at least NT$30.6bn and create more than 5,600 jobs in various sectors, according to TIPC, which manages the four Taiwanese ports of Kaohsiung, Keelung, Hualien and Taichung.
TIPC looks forward to the development of five main areas, namely boosting container storage capacity at the ports, strengthening logistics distribution network, bolstering transhipment activities, increasing international shipping trade, and creating value-added services.
Some of the 18 investors include Evergreen, Sinopec, First Sugar Co, Chinese Petroleum Corp, TR Logistics, and Formosa Taffeta.
“The investment areas will not only lay the cornerstone for TIPC to move towards being a truly international logistics port, they will also enhance the value of services of our ports,” TIPC said.
