[williamchung taiwan]

Taoyuan Aerotropolis project launched
2012/09/18 22:23:29





Taipei, Sept. 18 (CNA) The Taoyuan Aerotropolis project, to be completed in the area surrounding Taiwan Taoyuan International Airport in 2030, was officially launched Tuesday by the government.

Minister of Transportation and Communications Mao Chi-kuo said at a press conference that the government is planning to invest NT$336.6 billion (US$11.47 billion), while the private sector will inject NT$126.4 billion into the project.

Once the project is completed, it is expected to generate NT$2.3 trillion in economic benefits, bringing an annual tax revenue of NT$84 billion and 260,000 job opportunities around the complex, said Mao.

The Taoyuan Aerotropolis project will involve the expansion of existing airport terminals and the establishment of an aerospace industrial park and special zones for cargo, passenger and logistics services.

Mao estimated that Taiwan Taoyuan International Airport, which is aiming to become a transport hub for the East Asia region, will be capable of accommodating 60 million passengers per year in 2030.

By that time, cargo volume is estimated to have reached over 4.5 million tons per year, while the total annual number of takeoffs and landings at the airport could be up to 500,000, he said.

(By Hsieh Chia-chen and Hanna Liu)
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