The Taiwan Railways Administration (TRA) plans to create its own international hotel brand as part of its corporatization.
The Legislative Yuan in May passed the third reading of the State-run Taiwan Railways Corporation Act (國營台灣鐵路股份有限公司設置條例) to transform the TRA from a regular government agency into a state-owned corporation and amendments to the Railway Act (鐵路法), which would allow the TRA to utilize its assets more freely.
Business not related to the TRA’s rail operations include real-estate investment, property leasing, food sales and merchandising, but income sources and asset development can be diversified after the amendments take effect.
The TRA has been
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The Legislative Yuan yesterday passed the third reading of the State-run Taiwan Railways Corporation Act (國營台灣鐵路股份有限公司設置條例) that would corporatize the Taiwan Railways Administration (TRA) and transform it into state-owned Taiwan Railways Corp.
The Executive Yuan is to set the date on which the new act is to take effect as the implementation of some of its regulations would take time to prepare.
Premier Su Tseng-chang (蘇貞昌) hailed the passage of the act as a great start to reforming the TRA, and promised to continue improving its safety and operating efficiency.
Minister of Transportation and Communications Wang Kwo-tsai (王國材) said the act “made history”
TA-RA TRA: The act ‘made history’ by passing a third reading with the support of the president, the Cabinet and the legislature, the transportation minister saidBy Liu Tzu-hsuan / Staff writer, with CNA