China to boost Taiwan infrastructure

Taiwan's incoming premier Liu Chao-shiuan is looking to boost investment in its infrastructure sector, according to the country's Economic Daily News.

Mr Liu was quoted as saying that Chinese officials had shown interest in participating in Taiwan's planned TWD 3.9 trillion (US$ 1.28 billion) infrastructure projects, when vice president-elect Vincent Siew attended the Boao Forum for Asia(BFA) in Hainan in southern China in April.

According to the Economic Daily News Mr Liu was referring to 12 projects that the Kuomintang (KMT) party had pledged to undertake in the run-up to the presidential election.

The KMT's Ma Ying-jeou will be sworn in as president on May 20 after the party won a landslide in the March 22 polls.

Of the TWD 3.9 trillion (US$ 1.28 billion), said Mr Liu, about TWD 1.34 trillion (US$ 440 million) will come from the private sector.