Zhushi Zhongzheng Market enters history, the city government launches revitalization and investment promotion process

Hsinchu City's Zhongzheng Market is about to enter history, and the city government has launched an investment promotion operation to revitalize the complex. (Photo by reporter Hong Meixiu)

After the property rights of the Hsinchu City Zhongzheng Market BOT project were recovered by the city government in May this year, the complex will be revitalized and reused as a whole. The stalls on the first floor will be moved to the North Gate Market. The city government also announced today that it will handle the entrustment of investment from the first basement floor to the fifth floor above the ground. The deadline for bidding is 9 a.m. on November 30 this year. It is hoped that through public investment invitations, private funds and professional management teams will be introduced to inject new momentum into the city center.

The Municipal Government's Industrial Development Department pointed out that the Zhongzheng Market Complex is located in an important area in the center of Hsinchu, close to the Chenghuang Temple business district and Hsinchu Railway Station, and has parking lots and development potential. After the city government completed the property buyback on May 22 this year, it immediately planned the overall revitalization direction. It hopes to re-explore the value of the existing building through space improvement, professional investment promotion and improved operation and management, create a diversified consumption area that meets the needs of citizens, and connect the surrounding business districts to promote local commercial development.

The investment scope of Zhongzheng Market covers the first underground floor to the fifth floor above ground. The entrusted operation period is planned to be 20 years. Subsequent selections will be conducted in accordance with the principles of openness and fairness, and a team with both investment capabilities and operating experience will be selected. To ensure that public assets are properly used, the investment contract will also specify relevant specifications such as space improvement, facility maintenance, public safety, operational performance and contract performance management, and will activate the business environment in the city center through public-private collaboration.