The project, budgeted overall at NT$36.802bn and to be implemented over a six-year period (ending at the close of 2010), will be funded from both public and private sources. Bids to execute government-funded construction of an offshore breakwater and dredging work in public waterways were reviewed on July 26, 2007 and contracts were signed on August 16. Project work begins in September and will finish by the end of the decade.
When the project is completed, it will add a further 110 ha of reclaimed land to the port. According to KHB, completion of the Phase 1 facilities will add 2m teu to the port’s annual handling capacity and will significantly enhance its international competitiveness. Phase 2 and other future expansion projects will proceed based on economic and commercial need.
Phase 1 of the BOT project incorporates both public and private investment. NT$12.032bn in private investment, provided under a BOT agreement, will fund the construction of four container berths and supporting facilities. The berths, each 375 m in length, will provide a total waterline of 1,500 m.