NO

ASPECTS

DESCRIPTION

12.

Facilities Available to Facilitate Project Structuring and Transaction Advisory

1. PPIP projects are implemented on a financially independent basis. The source of income is the user charges. The private institution is responsible for self-financing; according to the PPIP Act, the authority in charge may coordinate with financial institutions or the special funds to provide medium or long-term loans to the private institution, but the aforesaid authority is under no obligation to provide financing.

2. If PPIP projects are evaluated by the Selection Committee that the private institution does not have adequate self-financing ability on a particular infrastructure project even if other encouragement measures under this Act are applicable, the authority in charge may, on the part of the inadequate self-financing portion, subsidize part of the interest accrued from the loan needed by the private institution or, invest in part of the construction.

3. The competent authority (the Ministry of Finance) provides one-stop coordination service of PPIP for potential investors in the "Platform for Participation in Infrastructure".

13.

Role of Local Government

Local government is the authority in charge of individual PPIP projects.

14.

Risk Sharing Policies/Practices

PPIP projects are implemented on a financially independent basis. The private institution is responsible for self-financing and takes the risk of construction and operation.

15.

Financing Mix Options Allowed

The private institution of PPIP projects is responsible for self-financing. The authority in charge may, based upon the financing need for the infrastructure project, coordinate with the financial institutions or special funds to provide medium or long term loans to the private institution.

16.

PPP Promotions/ Marketing Mechanisms

The competent authority (The Ministry of Finance) has set up the PPIP information system; investors may get the latest information of the PPIP through this system. The competent authority (The Ministry of Finance) also holds the Investment Solicitation Convention and business opportunities seminar to exchange ideas with investors. When necessary, the authority in charge may hold the Investment Solicitation Convention for individual PPIP projects.

17.

Monitoring and Evaluation

- The competent authority (The Ministry of Finance) could monitor the progress of individual projects through PPIP information system before contract signing. It also has the "Platform for Participation in Infrastructure", which could resolve execution problem encountered by individual projects.

- To implement performance management, the authority in charge will set up management plan to lay down check items, methods of examination, execution schedule at the operation stage. The authority in charge should take site-visiting tour of the signing PPIP project. If necessary, the competent authority may send official to check on the site-visiting tour of the authority in charge.

18.

Dispute Resolution Mechanism

- Chinese Taipei has the Regulations Governing the Application and Evaluation Procedure for Dispute Resolutions by Private Institutions Participating in Public Infrastructure Projects.

- The competent authority (The Ministry of Finance) also establishes Complaint Review Board for PPIP projects, to settle dispute of the application and the evaluation procedures between the applicant and the authority in charge.

- After the contract is signed, the dispute will be handled first by the mediation committee, if it is failed, then goes to the arbitration or litigation. The competent authority will not interfere.