Focus Taiwan
Date: 2019/12/17
By: Chen Yi-hsuan, Liang Pei-chi, Jeffrey Wu and Evelyn Kao

Taipei, Dec. 17 (CNA) Taipei Mayor Ko Wen-je (柯文哲) and Kent Hsu (許崑泰), head of the local consortium awarded priority status to develop the Twin Towers project near Taipei Main Station officially signed a contract on Tuesday to develop the property.

With the location of the planned towers close to a important transportation hub for metro, high speed rail, railway trains and buses that serve more than 500,000 commuters a day, the development project is expected to provide tremendous business opportunities because "where there are crowds, there is business," Ko said.

Noting that the project will cost NT$60.6 billion (US$2.01 billion), Ko said it is estimated the city government will earn NT$1.8 billion in rental revenue and 1.46 billion in property tax revenue each year.

Construction of the two high-rise skyscrapers — one with 56 stories above ground and four basement levels, and the other with 76 stories above ground and four basement levels — is expected to start in 2021 and be completed in 2026, before being officially opened in 2027, according to Chang Tzer-hsiung (張澤雄), the head of the city's Department of Rapid Transit Systems.
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