Kaohsiung
[Ministry of Transportation Launches New Asia Bay Twin Towers Investment Project, But Fails to Integrate Block Development]
The Ministry of Transportation will hold its annual investment promotion conference this afternoon, featuring two projects related to Kaohsiung. The first is a land development project on Zili Road in Kaohsiung City, owned by Taiwan Railways Administration, located next to Kaohsiung Central High School, covering approximately 1.28 hectares, with private investment estimated at around NT$15 billion.
The second project has a more impressive name: “Kaohsiung Port New Asia Bay Twin Towers Development Project” (Land Lot Nos. 14 and 15, Linggang Section, Lingya District, Kaohsiung City, for establishing a land lease). The landowner is the Kaohsiung Port Authority, with a site area of approximately 1.16 hectares (3523.5 pings). The project aims to introduce office space, shopping malls, hotels, and open public areas, with private investment estimated at around NT$8.699 billion.
However, although the area is not small, it only accounts for about 40% of the entire 2.79-hectare block. The Special Trade Zone 1 also includes land held by the city government and CPC Corporation, meaning the planned development will divide this land into 3-4 plots.
Previously, CPC Corporation and the Kaohsiung City Government had discussed a public-run urban renewal project for the Special Trade Zone 1, C1, 2, and 3 (near the Y15 direction). This development model differs from the Ministry of Transportation’s approach, leading to differences in the infrastructure and facilities to be introduced. Furthermore, CPC holds 0.5 hectares of remaining land nearby, further complicating future issues such as functional configuration, development timeline, and even the interface for air bridge connections.
While both projects involve public land, and there has been previous cooperation with Kaohsiung Port Land Development Corporation, the failure to reach an agreement between the central government, local government, and state-owned enterprises is a significant setback for the development of the Yawan District.
Written by: Claudius





