Urban renewal project secures funding

The China Post
Date: February 23, 2017
By: Kuan-lin Liu

TAIPEI, Taiwan — Urban renewal for the “Justice Country House” (正義國宅) can

The site of where the old justice country house (正義國宅) used to stand, photographed on Wednesday, Feb. 22. A syndicated loan for the renewal project of the justice country house was granted on Wednesday for an amount of NT$12.09 billion. (CNA)

officially get underway after the signing of the syndicated loan to fund its reconstruction took place on Wednesday.

The rebuilding of the Judicial Country House, a development of traditional significance located in Daan District, is the brainchild of construction companies Longlin Construction Co., Ltd. and Shanyuan Group, who have been working on renewal plans for the past 20 years.

Representatives from lead arrangers of the loan, including the Land Bank of Taiwan (LBOT), Taishin International Bank, Mega International Commercial Bank, Hua Nan Bank and Cathay United Bank, were all present at the ceremonial signing on Wednesday to witness the historic moment.

NT$12.09 Billion

LBOT Chairwoman Joanne Ling (凌忠嫄), Longlin Construction’s Chairman Yeh Sung-nien (葉松年), and Shanyuan Group’s Chairman Wang Kuang-hsiang (王光祥) signed copies of the contract which granted the construction companies a loan of NT$12.09 billion for the renewal project.    [FULL  STORY]

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