TAIPEI (TVBS News) — As Taiwan Railways Administration (TRA) moves towards corporatization set for Jan. 1, 2024, the prospect of improved punctuality and reduced delays is anticipated, the administration said Tuesday (Dec. 12).
The agency believes this transformation, coupled with the phased roll-out of new trains next year, will significantly bolster its competitive edge in the transport market.
With the easing of the pandemic, the Taiwan High Speed Rail (THSR) has seen a significant uptick in traveler numbers, spotlighting a shortage of capacity and overcrowding in non-reserved seating, issues that have affected the quality of high-speed rail service.
A term has emerged amongst the public, "high-speed rail becoming like local trains," reflecting concerns over the perceived decline in THSR service.
TRA, set to reform as the Taiwan Railways Corporation under the Ministry of Transportation and Communications (MOTC), plans to simultaneously offer services on the eastern main line and support the western short-to-medium-haul network next year, creating a cooperative yet competitive dynamic with THSR.
In the next three years, TRA intends to update ticket gates and passenger information systems across all railway stations in Taiwan, aiming to enhance the passenger experience.
Currently, THSR is grappling with inadequate capacity partly due to awaiting new trains, and TRA is planning to alleviate this by providing shuttle services at Changhua Station and enhancing inter-rail transfer services.
Once the TRA corporation is established, it will clarify its market positioning, including bolstering intercity transport service between eastern and western main lines and enhancing regional commuting transport on the western line.
Long plagued by short-term debt, now reaching about NT$170 billion, the MOTC has established a debt repayment fund, with TRA expected to be debt-free by 2025 and to turn profitable by 2028.
To increase revenue and optimize asset management, TRA will adopt more flexible approaches post-corporatization, including joint development initiatives and the establishment of land rights.