The Taiwan Railways Administration (TRA) has signed a memorandum of understanding with Deutsche Bahn International and Deutsche Bahn Systemtechnik, subsidiaries of Deutsche Bahn.
Under the agreement, the German railway company is to send expert technical consultants to Taiwan. TRA in its turn will send staff to Germany to learn how DB turned from a state-run operation into a private joint-stock railway company.
The memorandum was signed at DB’s Berlin headquarters by TRA Director-General Chou Yung-hui, DB International chairman Niko Warbanoff and DB Systemtechnik head of finances and human resources Barbel Aissen.
“We can learn a lot from DB’s experience. For example, the railway in Berlin generates only 30 percent of its revenue from providing railway services. The majority of the firm’s revenue comes from its subsidiary businesses,” TRA Director-General Chou Yung-hui said.
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