HK-based consortium rejected for Taipei twin towers project

Focus Taiwan
Date: 2019/06/26
By Flor Wang, Christie Chen and Tsai Peng-min

Taipei Twin Tower design (Photo courtesy of Nan Hai Development Ltd.)

Taipei, June 26 (CNA) The Taiwan government has withdrawn its decision to award the construction contract for the "Taipei Twin Towers" project to a Hong Kong-based consortium and a Malaysian property developer, due to national security concerns, the Ministry of Economic Affairs (MOEA) said Wednesday.

Nan Hai Development Ltd. of Hong Kong and Malton Berhad of Malaysia had qualified last December in the bidding process as the most favored bidders for the multi-billion project in west Taipei, but in light of the former's close ties to China, the award of the contract to the two companies has been revoked, said Yang Shu-ling (楊淑玲), spokesperson for the MOEA's Investment Commission.

Nan Hai has been deemed a Chinese-funded enterprise because the financial statements of its parent company show that Nan Hai's administrative center and most of its employees and business operations are in China, while more than half of the board members of its parent company are Chinese citizens, Yang said.

Given that the pilot project is located in a specially designated area within Taipei Railway Station, which is the hub of Taipei's metro, bus, high speed rail and train systems, the project cannot be carried out by a consortium with such close links to China, she said.    [FULL  STORY]

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