The government is planning to run Taiwan’s High Speed Rail Corporation (THSRC). But there are no plans for financial reforms. That’s the word from government spokesman Sun Lih-chyun on Tuesday.
He said currently, the government is not planning on financial reforms for the railway, but they are preparing to run the High Speed Rail Corp. The railway could go bankrupt in the next few months, and the legislature recently turned down a proposal for financial reform.
Sun noted that former chairperson of the High Speed Rail Corp., Yin Chi, once wrote a letter to former Premier Sean Chen. The following Premier Jiang Yi-huah responded to Yin’s letter. Jiang said he hoped that original shareholders could own up to 25% of the company. Sun said if that had happened, the current financial problems would have been solved.