February 4, 2011 [Dredging News Online] - CENS reports that Taiwan`s Council for Economic Planning and Development (CEPD) has approved an extensive land-reclamation project for Kaohsiung Harbour, costing NT$90.6 billion, to create 422.5 hectares of new land.
Known as the “second-stage engineering plan for the international container terminal of Kaohsiung Harbor,” the project will be jointly executed by the government and private sector and be completed by 2019.
Ten petrochemical firms, headed by CPC Taiwan, will invest NT$62.4 billion to reclaim 256 hectares of land, of which 203 will be acquired by CPC Taiwan and the remaining 53 by the other participants, including Formosa Plastics Group.
The reclaimed land will be for building storage of petrochemicals, with CPC Taiwan to store products to be manufactured by the new Talin refinery, near Kaohsiung Harbor, which are under construction.
The Ministry of Transportation and Communications (MOTC) planned the project and pointed out that reclaiming land will help realize structural change in the operation of Kaohsiung Harbor to sustain the petrochemical industry in southern Taiwan.
