Study on Promotion of Private Participation in Infrastructure Projects in Taiwan by Referring to the British Green PPPs
Date Issued
2007
Date
2007
Author(s)
Lee, Wei-Ming
DOI
zh-TW
Abstract
For the purpose of upgrading the infrastructure service level and expediting the socio-economic development in Taiwan, in 2000 the government promulgated the “Act for Promotion of Private Participation in Infrastructure Projects”. Since the enactment of the Act, the cumulative amount of related investments has reached NT$ 246.8 billion, contributing an average economic growth of 1.92 % (PCC, 2000). However, with the looming of global resources deficiency and overall environmental degradation, the earth climate change issue has become an internationally widespread concern. Especially since the “Kyoto Protocol” was put into effect in 2005, the carbon emission reduction control measures have been undertaken. It was estimated that such measures would decrease Taiwan’s GDP from current 5.9 % to 3.5 % (National Energy Conference, 2002), which will therefore have great impact on Taiwan’s national economic and social developments.
Facing such an impact, various domestic industries have respectively made efforts to enhance their industrial sustainable development technologies as the basis for promotion of the upgrading of industries and economy. In 2001 the Taiwan government announced the vision of development of ‘Sustainable Island Taiwan”; i.e., Sustainable Environment, Society and Economy; and started pushing the researches of energy saving, water-save, pollutant reduction, pollution prevention, energy regeneration and biomass energy. These aim at provision of healthy and ecological environments, and upgrading of work efficiency and enterprise competitiveness. The private participation system, with the concept of utilizing the private sector’s abundant capitals, organizations, capabilities, technologies and management, will lead the social and economic development. Besides, as the contractual periods of infrastructure projects with private participation are usually as long as 25 ~ 30 years; so after taking into account the environmental factors, how to deliberate the overall life cycle costs and the principle of rational shares of concerned risks of the infrastructures in order to realize the good quality of infrastructure service provided by the government, constituted the issues which were investigated and discussed in this study.
Since 1970s the British Government, for coping with domestic financial problems as well as upgrading of infrasteucture service quality, initiated the system of PFI (Private Finance Initiative). Then following a series of government power changes between the political parties, and reviews and modifications of the government policies, the PFI/PPP (Public Private Partner) system has been gradually formulated, which successfully combines the government’s administration targets with private participation. And the other country governments, in view of the British Government’s successful experiment of the system, have introduced respectively this system to their own countries to promote the infrastructure quality. In 2002 the British Government, aiming at attainment of the carbon emission reduction target as set forth in the Kyoto Protocol, publicized the guidance principle for the Green PPPs to complement the PFI/PPP system and strengthen the countermeasures taken by concerned departments for achieving target of carbon emission reduction. After publicizing the aforementioned guidance principle, there have been several contracted PPP cases England. This study reviewed, researched and analyzed such cases, and then drew wherefrom the conclusions for reference actions for the private participation system in Taiwan; and also presented conclusions and recommendations on Taiwan’s private participation system after in-depth interviews with relevant people in Taiwan. It is anticipated that the study results may help the people and groups involved in private participation projects to have profound recognition of and take actions for the infrastructure service quality provided and the sustainable development done by the government, so as to raise Taiwan’s overall national competition strength and meanwhile take good care of sustainable environmental development.
Subjects
PPIP
PFI/PPP
Green PPPs
Sustainable Development
SDGs
Type
thesis
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