New Taipei City signs 12.5 billion TWD deal for Banqiao Medical Park

The New Taipei City Government has officially signed a cooperation agreement with the Xu Yuan-chih Medical Foundation to develop the Banqiao Medical Park. The project involves a total investment of approximately 12.5 billion TWD, with the city government contributing 910 million TWD. The partnership, which includes the Far Eastern Group, is set for a 55-year term.

The planned medical complex will consist of a 14-story building with four underground levels. It is designed to provide 513 total beds, including 148 beds dedicated to long-term care. Key features of the facility will include 24-hour emergency services, pediatric emergency care, a specialized maternity and child zone, and advanced smart medical systems.

The project aims to create an integrated healthcare ecosystem that combines acute medical services, rehabilitation, health promotion, and long-term care. Construction is expected to begin in August 2028, with the facility projected to be completed and operational by 2032.