Taipei City Mayor Ko Wen-je and Clevo chairperson and head of the consortium Kent Hsu signed an investment contract on Dec. 17. The Twin Towers complex will be done by 2026, and it is estimated to add more than 60,000 ping of commercial space near the Taipei Main Station area and create 16,000 job opportunities.
The construction bidding for the Taipei Twin Towers failed five times in the past and the project was delayed for 13 years. After I took office, it took me only two and a half years to complete the due legal process. This government is open, everyone can take part, and it's open and transparent. If this is my political slogan, then we should walk the walk first.
Our conglomerate has lot of good resources in the many sectors, including technology, construction, real estate development and operation, and intelligent green architecture. We will be working with the best talent from Taiwan and abroad and build the Taipei Twin Towers with the best design and most diverse elements.
After the public tender for the Taipei Twin Towers project failed five times in 13 years, last year, a foreign consortium led by a Hong Kong media tycoon finally won the development project. However, the bid was later rejected by the government due to national security concerns. This year, the local group consisting of contract computer maker Clevo Co. and its property development affiliate Hongwell Group has decided to take over the contract. The project is valued at around NT$60 billion and would take up to 6 years and 9 months to finish. The new building complex could generate more than NT$100 billion in economic output.