Act for Promotion of Private Participation in Infrastructure Projects Article 29

If the authority in charge of an infrastructure project determines that a private institution cannot fully self-finance its investment in the infrastructure project even if other incentives under this Act are applicable, the authority-in-charge may, for the insufficiently self-financed portion, subsidize part of the interest on the loan needed by the private institution or grant a subsidy, depending on the operating performance, and stipulate such subsidy in the concession agreement.If an authority-in-charge conducts an infrastructure project in accordance with the preceding paragraph, the authority-in-charge shall, prior to working on the project, submit the construction plan, the proposals for the relevant subsidies, and the financial plan to the Executive Yuan or the competent local government for approval.The subsidies under Paragraph 1 shall be handled in accordance with the relevant budgeting procedures.