TRA rolls out decadelong revamp plan

2015/08/25

Taiwan Railways Administration is set for a major boost under a 10-year plan aimed at strengthening the fundamentals of the state-run enterprise.

Set for launch next year, the NT$500 billion (US$15.21 billion) project focuses on financial structure, human resources, infrastructure, transportation safety and service quality. It represents the biggest investment in TRA to date, and will spur development in related industries around Taiwan.

According to the TRA, the top priority of the plan is to replace outdated equipment and facilities, as well enhancing bridges, side slopes and a disaster response system.

The project forms part of general review of TRA assets and finances. The outfit is deeply in the red, with accumulated losses topping NT$100 billion—a predicament partially resulting from zero increases in ticket prices for 20 years.

“By initiating cross-ministerial coordination, the plan will facilitate asset revitalization for debt repayment and financial restructuring,” a TRA official said.

Other ongoing TRA efforts in this regard include purchases of new rolling stock, shifting some tracks in Kaohsiung City underground and providing upgraded commuter services in northern Taiwan.

Separately, two new TRA station were inaugurated Aug. 23 in Chaozhou Township and Pingtung City, with the former set to replace Kaohsiung Station as the TRA’s major terminal in southern Taiwan.

“The stations, along with the elevation and electrification of the TRA network between the two locations, will provide more convenient services for locals and promote regional development,” the official said.

Source: Taiwan Today (http://taiwantoday.tw/ct.asp?xItem=234119&ctNode=413)