New Taipei Arena Project Fails to Secure Bid for 3rd Time in 2 Years; Mayor Hou Vows to Award Contract Within His Term
NQ Score
3/100
N1 Content Completeness
4
AI Summary (NQ-processed)
The Build-Operate-Transfer (BOT) project for the New Taipei Arena at Banqiao Second Stadium has failed to attract a successful bidder for the third time in two years, drawing concern from city councilors. Mayor Hou Yu-ih stated that he would make every effort to have the contract awarded within the final 219 days of his term. Reasons cited for the failures include rising construction costs, a challenging overall market environment, and potential competition from arenas in Taipei and Taoyuan. The city's Sports Department will continue to review and revise the tender to attract bidders.