The controversial Taipei Twin Star development project held a signing ceremony on the 17th, by the Taipei Mayor Ko Wen-je and Taipei Twin Star Xu Kuntai Chairman of the Board of Directors to sign the investment contract, is expected to be completed in 2026, will provide 16,000 jobs, and can create hundreds of billions of dollars of economic output value. Transportation Minister Lin Chia-lung said that the contract signed 15 years ago is now a crucial step forward, and that the Twin Star will make Taipei Station a better landmark in the future.
The Gemini development project located in C1/D1 (east half of the street) of the Taipei Station Specified Special Purpose Area had been rejected five times and delayed for 15 years. The original most preferred applicant, Nanhai Martens team, finally failed to complete the establishment of the new project company and sign the contract with the Taipei City Government within the period of notice from the Taipei City Rapid Transit Bureau, which was regarded as giving up the status of the most preferred applicant, and was replaced by the second most preferred applicant, the "Lantian Macrovision" team, which completed the establishment of the new project company and paid the 1.818 billion yuan performance bond within the period of notice to obtain the qualification for signing the investment contract. The LTSH team completed the establishment of the new project company, Taipei Twinstar Co., Ltd. within the deadline and paid a performance bond of NT$1,818 million to be eligible to sign the investment contract.
Taipei Double Star qualified with 5 unsuccessful bids
Ko said that the North City Government is committed to promoting the Western District Gateway Project, there have been a number of construction results, C1/D1 land with 6 rail co-construction advantages, daily commuter flows of more than 500,000 people, "people flow is the gold flow".
The investment amount of the Gemini project reaches NT$60.6 billion, and the North City Hall will receive NT$1.8 billion in annual rental income and NT$1.46 billion in increased real estate tax revenue, which will increase with the increase in turnover.
Ko said, C1/D1 development project successfully completed investment, the West Gateway Program will further extend the back station business district, activate the overall regional economy, and promote urban renewal and development of the area, in addition to injecting municipal financial resources, but also to attract a variety of industries to move in, and thus promote the commercial activities of the surrounding old city areas.
Hundreds of billions of dollars of real estate value, a new landmark for the gateway to the Western District.
Taipei City MRT Secretary Zhang Zexiong pointed out that the C1 and D1 two buildings were planned 56, 76-storey building, after the signing of the contract, Taipei Twin Star company must carry out the detailed design of the building project, because the D1 base part of the Ministry of Railways involved in the preservation of the Ministry of Cultural Affairs preservation plan, the Ministry of Cultural Affairs to be examined by the Ministry of Cultural Affairs, and then through the metropolis of the examination and environmental assessment and other deliberations, it will take about one and a half years to obtain the construction of the license.
Minister of Transportation Lin Chia-lung said, 15 years ago the contract is now a crucial step, thanks to the determination of Mayor Ke and the support of the landowners, so that the capital has a new atmosphere, the Gemini so that the future of Taipei Station has a better landmark, but also so that the station is no longer just a place of traffic and transportation, but also to meet all the needs of our lives.
In addition, the North City Hall is currently assisting the Ministry of Transportation Taiwan Railway Bureau to promote the E1/E2 development project, Ke emphasized that the axial line flip old city rejuvenation will no longer be just a slogan, the future completion of the entire development project, will give the entire west side of the doorway to a new urban style.
