Taiwan High Speed Rail Corp. (THSRC) announced that it is planning to offer NT$17 billion (USD 561 million) worth of business deals over the next 10 years to local companies for rail transport development. The rail development plan includes areas such as electricity, communications, traffic signals and maintenance services.
The 10 year rail development plan is in line with an intiative by the Ministry of Transportation and Communications (MOTC). Under the MOTC’s initiative, the government will seek to raise the percentage of locally made components in the rail system from 42 percent to 75 percent over a 10-year period. MOTC is also aiming to set up a rail technology research and certification center in Taiwan.
As the government is THSRC biggest shareholder, the high speed rail operator has been keen to lead the way on the MOTC’s rail development plan, which is part of the government’s wider “Forward-looking Infrastructure Development Program.”
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