The Ministry of Economic Affairs (MOEA) on Thursday approved four companies’ applications to join the Invest in Taiwan initiative, bringing the total to 1,082 companies pledging to invest more than NT$1.5 trillion (US$54.02 billion).
The ministry said the combined investments by the four companies are expected to create 121,226 jobs in the nation. The success of the three-year-old initiative is proof that Taiwan is a good place to invest, it said in a statement.
Although the initiative is set to wind down at the end of this month, the ministry is considering extending it as more companies are looking to return home
The Ministry of Transportation and Communications (MOTC) could soon choose the site for the terminal station of the high-speed rail (HSR) extension line to Yilan County, Minister of Transportation and Communications Wang Kwo-tsai (王國材) said.
Wang was speaking on the sidelines of a meeting at the legislature’s Transportation Committee on Thursday.
A consulting firm hired by the ministry recommended that the HSR line be extended to either the Taiwan Railways Administration’s (TRA) Yilan, Luodong or Sicheng stations, or to a yet-to-be built station near the Yilan County Hall.
At an information session on Wednesday, the ministry suggested a fifth possible location in Yilan
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