Page 28 - 2024 BRAVO! TAIWAN_en

The Forward-looking Infrastructure Development

Program

Looking to future economic development in Taiwan, in response to the emerging industries, new
technologies, and new life trends at home and abroad, the government will implement the Forward-looking
Infrastructure Development Program to advance overall local development along with regional balance.
The program includes 8 areas: safe and convenient "Railway Projects", "Water Management" in response
to climate change, "Green Energy" to promote environmental sustainability, "Digital Infrastructure" to build
up a smart nation, "Urban and Rural Projects" to balance regional development, "Child Care Facilities" in
response to reduced fertility, "Food Safety", and "Talent Cultivation to Promote Employment", which together
will lay the foundation for Taiwan's development for the next 30 years.

The program aims to position the government in a leading role in stimulating the economy, accelerating
Taiwan's economic transformation and ascension, enhancing long-term competitiveness and drafting a
blueprint for happiness in Taiwan's people. By sharing the products of expanded infrastructure development
with the people, the program seeks to create a new Taiwan. According to the Special Act for Forward-Looking
Infrastructure promulgated by the President on July 7, 2017, the program was granted a special budget of
NT$420 billion over a four-year period. On July 2, 2020, the Legislative Yuan approved a construction budget
of NT$420 billion for the subsequent four-year period. The program will invest a special budget of NT$770
billion in four phases across 2017 to 2024. NT$ 107.1 billion, NT$ 222.9 billion, NT$ 229.8 billion and NT$
209.8 billion were allocated for the first phase (September 2017 to December 2018), second phase (2019 to
2020), third phase (2021 to 2022) and the fourth phase (2023 to 2024), respectively. The first, second and
third phase drove a respective increase in real GDP from NT$106.7 to 120.9 billion, NT$283.2 to 301.9 billion,
and NT$304.6 to 350 billion. The fourth phase is expected to drive real GDP growth from NT$274.6 to 342
billion.

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