In order to accelerate the business matchmaking of long-term care, the Ministry of Finance will hold a seminar on long-term care facilities to promote business opportunities for private participation at the Civil Service Development Institute at 1:00 p.m., October 3. The projects include the Long-term care BOT+ROT project in Xinpu, Hsinchu County; the residential Long-Term Care BTO project with compensation in Liujia District, Tainan City; and the residential long-term care OT Project in Checheng Township and Ligang Township, Pingtung County. It is estimated that the long-term care capacity will cover a total of 550 beds and provide 120 persons with day care. We welcome industry players to join us in this event, hoping to optimize the long-term care service system and enhance the capacity of long-term care supply and service quality.
According to the statistics of the Ministry of Finance, in line with the Ministry of Health and Welfare’s promotion of the “Program to Incentivize the Deployment and Construction of Residential Long-Term Care Institutions with Publicized Resources” from 2018 onwards, counties and cities have processed a total of 18 projects to promote private participation in long-term care. As of the end of August this year, contracts for five projects have been signed, including the long-term care BOT+BTO projects in Ruifang District, New Taipei City; the BOT project of Taichung City General Hospital for Elderly Rehabilitation; the comprehensive long-term care OT project of Beimen Branch, Xinying Hospital, MOHW; the OT project of Pingtung County’s care service (LOHAS); and the silver-hair long term care ROT+BOT project in Luzhu District, Taoyuan City. The amount of private investment amounted to $17 billion, which can cover a total of 800 beds and provide 230 persons with day care. Currently, there are seven projects at the announcement (preparation) stage, including the integrated long-term care BOT project in Yunlin County; Silver Light Village of Generation BOT project in New Taipei City; residential long-term care OT project in Checheng Township and Ligang Township of Pingtung County; residential long-term care BTO project with compensation in Liujia District of Tainan City; long-term care OT project in Pitou Township of Changhua County; and long-term care ROT+BOT project in Gushan District of Kaohsiung City. Another six projects to promote private participation are undergoing pre-processing.
Facing the demand of Taiwan’s aging society in the future, the Ministry of Finance announced an amendment to the scope of major infrastructure projects under the Act for Promotion of Private Participation in Infrastructure Projects on August 28, 2023, in order to encourage the private sector to actively participate in the development of long-term care organizations. Long-term care institutions with institutionalized residential services are newly added to the social welfare facilities category. In the future, long-term care projects to promote private sector participation that meet the four criteria of total investment of NT (hereinafter referred to as the same) $350 million, providing more than 100 beds, a total floor area of 2,700 square meters, and providing more than 30% of the beds to the economically or socially disadvantaged persons will be entitled to a maximum of five-year exemptions from the profit-seeking enterprise income tax, shareholders’ investment tax credits, import tariff concessions, and investment expenditure tax deductions and other tax concessions, thus, attracting the private sector to invest in long-term care organizations.
The Ministry of Finance also indicated that as of September this year, a total of 69 contracts have been signed for private participation projects, and the contract value reached $117.7 billion. Of those projects, 55 projects have been contracted and are under negotiation in accordance with the Act for Promotion of Private Participation in Infrastructure Projects. The total amount of these projects is $38.8 billion. The estimated contract value of the year will exceed $160 billion, which indicates that the private sector has continued to participate in public construction enthusiastically. The Ministry of Finance expects to create a better living environment and provide quality public services for the public by continuing to optimize the investment environment for private participation and stimulating the development of key public facilities.
Press Release Contact Persons: Chuang, Ching (Section Chief); Huang, Chien-Chin (Section Chief)
Phone Number: (02)2322-8460, (02)2322-8214