The Department of Urban Development of the Taipei City Government (DUD) yesterday announced its plans to renovate and expand the Taipei Songshan Airport, in an attempt to raise the capital's commercial profile internationally. The project will be overseen by the DUD, along with the Taipei City Government and the Min
The Department of Urban Development of the Taipei City Government (DUD) yesterday announced its plans to renovate and expand the Taipei Songshan Airport, in an attempt to raise the capital's commercial profile internationally.
The project will be overseen by the DUD, along with the Taipei City Government and the Ministry of Transportation and Communications, and it is expected to attract an estimated NT$20 billion to NT$40 billion (US$ 1.3 billion) in investments. Preliminary plans suggest that venues for exhibitions and conferences, shopping, lodging, and the aviation industry will be included in the airport's expansion, according to reports.
According to the DUD, upon completion, the project will help to elevate Taipei's profile among the region's commercial capitals, including Tokyo, Seoul, and Shanghai.
Preliminary plans indicate that the project has been segregated into 4 zones. Most notably, Zone B, the current site of the Civil Aeronautics Administration's (CAA) and Aviation Police Office's main buildings, will provide the setting for exhibition and conference venues, hotels, shopping malls and commercial space, said the DUD.
The DUD stated that it expects the project to attract NT$30 billion ($1B) in investments, and generate annual revenues of NT$16 billion ($0.5B) once operations commence. A NT$10 billion ($0.3B) provision has been drawn up by the DUD for land acquisition and improvement of roadways and the airport's main plaza for greater commercial applications.