Taipei Fine Arts Museum

To ease the financial expenses when acquiring the land needed for MRT. Generating new sources of revenue and encouraging the private sector to participate in infrastructure projects has become a main priority. Government needs to aggressively seek out partners to develop property at and around stations, and increase the financial resource of the MRT system by means of profiting from joint development of real estate. According to Regulations for the Joint Development of Land Adjacent to or Contiguous with Rapid Transit System and Regulations for Negotiation of Preferential Trading of Land for Taipei Metropolitan Rapid Transit System, Joint development combines characteristics of the public and private sectors to make the best use of real estate and create prosperity for the community. A joint development program is basically the same as a common real estate development cooperation project , with the landowner providing land property, the investor providing financial support, to undertake construction of transit stations and on the adjacent land under the supervision of the government's Joint Development Authority. The investor should reach agreement with the landowners for the terms of cooperation, percentage of income distribution and the other relevant rights and obligations for this construction and its land.