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2018-06-14
In light of the abundance of national land, the Ministry of Finance (MOF) works to activate non-public national real estate in coordination with national industry policies, and help promote local construction and economic development. In order to improve the efficiency of the use of national property, actively activate national assets, provide options for flexible financial operations, and create sustainable financial resources, the MOF participates in urban renewal, invites tenders for right of superficies, and jointly carries out modifications, use, and leasing together with the competent authority of relevant industries. Recent results are as follows:
I.May 14, 2018: Revised the payment method of deposits for sea area and land used by offshore wind power generation systems, as well as fees for the land used by facilities necessary for the system’s operations (e.g. submarine cable, connection of submarine and land cables, sheet pile protection measures, microwave communications equipment, and land cable). Vendors may pay the deposit and fees in installments, reducing the pressure of having to make a lump sum payment. To maintain consistency and fairness of land acquisition costs for offshore wind power companies, the land use fees for necessary facilities, such as submarine cables, will be the declared land value at the landing point or the highest land value (current land value) along the coasts of Changhua, whichever is lower.
II.May 1, 2018: Issued an amendment to the “Implementation Directions for Consignment Operation of National Non-Public Use Property,” and the maximum period of consigned operation was relaxed from 10 years to 20 years. The contract royalty was lowered from 5% of the current land value to 4%. The percentage of balance that incurs interest when making installment payments was lowered from 10% to 5%. This benefits investors when calculating development costs, reduces the burden of operation and investment, increases the flexibility of fund utilization, and increases willingness to invest.
III.June, 2018: Issued an amendment to the “Method for Calculating the Profit Sharing Ratio between the National Property Administration and Competent Authority of Relevant Industries from the Modification and Use of National Non-public Use Real Estate.” To create an excellent investment environment, the profit sharing method when working with competent authorities of relevant industries in business recruitment was revised from a fixed ratio to a cumulative ratio. This incentivizes the competent authorities of relevant industries to maximize profits.
Media contact: Wang Tsai-Yeh, Secretary-General of the National Property Administration
Telephone: (02) 2771-8121 ext. 1005
Source: Ministry of Finance
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