Reported 8 months ago
In order to assist Taiwan Railways in handling debt issues after its corporatization, the Executive Yuan approved the draft amendment of the 'Regulations on the Establishment of State-owned Taiwan Railways Corporation' on June 21, 2024. The amendment allows for the transfer of development rights when dealing with assets such as historic buildings, exempting them from restrictions under the State-Owned Property Act. It is estimated that after the amendment, a total of NT$147.4 billion can be allocated to repay Taiwan Railways' debts. This move is considered urgent as it aims to lower the overall cost burden by expediting debt repayment through fund asset development and disposal.
Source: YAHOO