Tainan Advances Plans for Three Metro-Adjacent Parking Lots via BOT Model

Tainan City is moving forward with plans to construct three multi-story parking facilities in the Yongkang and Rende districts, a move designed to address growing parking demands and complement the upcoming first phase of the Tainan Metro's Blue Line. The city government has completed the necessary urban planning revisions for these sites, which are situated in prime locations around the planned metro stations. This progress is expected to boost the attractiveness of the projects for private sector investment under the build-operate-transfer (BOT) model.

The urban planning changes, announced on May 29, aim to enhance the feasibility and public benefit of these parking projects. By focusing on the core function of parking facilities and adjusting land use regulations, the city seeks to encourage private companies to invest in their construction and operation. This initiative is part of a broader strategy to improve traffic flow, increase parking availability, and support the development of surrounding commercial areas and community services.

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will help improve the feasibility and public benefit of BOT investment attraction, and accelerate the promotion of multi-story parking lot construction.

The targeted locations include 'Parking Lot 4' within the Rende Urban Plan, 'Parking Lot 6' in the Yongkang Lioujiading Urban Plan, and 'Parking Lot 9' near the highway interchange in Yongkang. All three sites are recognized for their excellent transport access and development potential, being adjacent to key stations on the Blue Line. The city administration emphasizes that these changes maintain the public utility of the parking lots while improving the local environment by excluding potentially disruptive commercial uses.

Market analysis indicates strong demand in these areas. In the Lioujiading vicinity, near the Chimei commercial district, new residential properties are selling for over 400,000 New Taiwan dollars per ping, with covered parking spaces fetching between NT$1.4 million and NT$1.6 million. In the Rende area, near the Carrefour commercial district, older apartments are priced around NT$250,000 to NT$270,000 per ping, and parking spots range from NT$1.3 million to NT$1.5 million. The development of these new parking facilities is expected to further enhance the convenience and livability of these rapidly growing urban zones.

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In addition to increasing parking supply and improving traffic, it can also drive surrounding commercial development and urban function improvement, creating a more complete and convenient living environment and providing citizens with higher quality public service quality.