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Old December 14th, 2014, 11:15 PM   #241
Gusiluz
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Annual THSRC ridership:

2007 15,555656
2008 30,581261 + 96,59 %
2009 32,349260 + 5,78 %
2010 36,939596 + 14,19 %
2011 41,629303 + 12,70 %
2012 44,525754 + 6,96 %
2013 47,486859 + 6,65 %
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Old December 14th, 2014, 11:28 PM   #242
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What was the ridership they predicted they would need to make a profit and pay off the debt?
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Old December 15th, 2014, 01:17 AM   #243
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Y'see, that looks like healthy growth to me...
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Old January 7th, 2015, 05:43 AM   #244
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Source : http://pic.feeyo.com/posts/616/6161315.html









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Old January 7th, 2015, 05:46 AM   #245
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Quote:
Originally Posted by Silver Swordsman View Post
The fastest local services take 5 hours between Taipei and Kaosiung. However, most people do not travel that length.

Taipei to Hsinchu on local trains takes around 90 minutes. THSR takes 20. Fair enough, but while the local train station is in the middle of downtown, the HSR station is outside in the suburbs. Sometimes it takes you 30-40 minutes to get to the station.

Suddenly you realized that you've wasted a lot of money.
I think Taichung is still do-able on the far cheaper TRA services given the HSR station is so far out of town. The savings on HSR are far more evident from south of Taichung.
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Old January 7th, 2015, 12:08 PM   #246
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Nice pics very great place for travelling.................
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Old January 12th, 2015, 02:25 PM   #247
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From Rail Journal:

Quote:
http://www.railjournal.com/index.php...ml?channel=540

Taiwan to nationalise high-speed operator?
Monday, January 12, 2015



TAIWAN has moved a step closer to nationalising embattled Taiwan High-Speed Rail Corporation (THSRC) after a plan to restructure the company's finances was rejected by the government

Transport and communications minister Mr Yeh Kuang-shih resigned on January 7 after the Legislative Yuan voted 18-0 to reject his ministry's rescue plan for the company. THSRC chairman Mr Tony Fan has also resigned.

Yeh's proposal involved reducing THSRC's capital by at least 60% through a preferred stock redemption and then requiring the company to raise $NT 30bn ($US 991m) in capital. He argued that extending THSRC's concession from 35 to 75 years would allow the company's original five shareholders to continue operating under the existing build-operate-transfer model

...
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Old February 22nd, 2015, 05:41 PM   #248
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Switch signal errors delay high-speed rail services
CNA Excerpt
February 18, 2015

TAIPEI, Taiwan -- A malfunction at a switch on Taiwan's only high-speed rail line caused trains to slow to a crawl for around 90 minutes Monday evening, the Taiwan High Speed Rail Corp. (THSRC 台灣高鐵) said.

The failure of the switch machine, used to control track switches or “turnouts” that allow trains to change tracks, between Taipei and Banqiao was detected at 5:35 p.m., the company said, forcing trains to travel at a dragging pace of 40 kilometers per hour.

The problem was resolved by 7:04 p.m. and normal services have resumed, the company said, but it did not state the exact cause of the problem.

The incident delayed 14,000 passengers in 23 trains, it said.
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Old February 24th, 2015, 08:27 AM   #249
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...Again?

This is not the first time THSR switches have caused problems. This is not the second--or the 10th time these switches have caused problems. There have been literally hundreds of incidents involving switches on THSR since it opened, and they have gotten nowhere close to solving them. One of those "switch malfunctions" actually happened during one of my trips. I was waiting on the Southbound platform at Taoyuan when the intercom announced that "due to a switch malfunction", the northbound train was going to stop at the Southbound platform instead. Pandemonium ensued as all the queued passengers had to rush to the other platform (on the opposite side of the station).




Do something about this, THSR. FIX IT!
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Old May 13th, 2015, 02:46 AM   #250
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Tue, May 12, 2015
TRACKING CAPITAL : The general public could own shares in one of the revised funding plans for the Taiwan High Speed Rail Corp set for legislative review
Taipei Times Excerpt

The Ministry of Transportation and Communications (MOTC) yesterday said that it had proposed two ways to raise funds for Taiwan High Speed Rail Corp (THSRC) after it reduces the original investors’ capital to erase the firm’s debts, adding that the preferable option would be to increase the shares owned by state-owned or state-affiliated agencies to 63.9 percent.

The high-speed rail operator in January failed to have its financial restructuring plan passed at the Legislative Yuan. It then modified the plan and is set to submit the revision for legislative review. Under the revision, the firm would first reduce the original investors’ capital by 60 percent to ensure that the company’s debts could be erased. The concession period, on the other hand, is to be extended by 35 years.

Meanwhile, the company has aimed to raise NT$30 billion (US$974.7 million) after reducing the capital, adding that NT$19.2 billion would be raised from the general public. The rest would be raised by state-affiliated agencies, small shareholders and THSRC employees.

Bureau of High Speed Rail first division director Yang Cheng-chun (楊正君) said that the ministry has discussed the new plan with legislators, who suggested a few changes on how to raise the capital.

He said that the two proposals were delivered under a few conditions, including dismissing the doubts that the company would be controlled by certain private corporations, ensuring that the government holds a majority of seats on the company’s board of directors and maintaining the management efficiency of a private corporation.

Of the two fundraising plans proposed by the ministry, Plan A allows state-run agencies to increase their investment in the firm by NT$18 billion.

The company’s employees would be able to invest NT$1.2 billion and the public could buy shares valued at NT$10.8 billion. Plan B would raise funds from state-run and state-affiliated agencies only.
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Old July 19th, 2015, 10:59 AM   #251
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Taken from Taiwan subforum:

Quote:
Originally Posted by tchen View Post
Nangang Railway Station (Ruentex):
(photos courtesy of pp123 in taiwan city forums)
30 stories, 138.3 m
With the new station building at Nangang nearing completion, thought it would be a good time to post an update! The buildings include department stores, hotels, and office space. High speed rail is also scheduled to be extended to this station in 2016.

















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Old July 19th, 2015, 12:01 PM   #252
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Quote:
Originally Posted by tchen
With the new station building at Nangang nearing completion, thought it would be a good time to post an update! The buildings include department stores, hotels, and office space. High speed rail is also scheduled to be extended to this station in 2016.
Considering it is July 2015, in which specific month of 2016 shall Nangang Station be opened for scheduled service?
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Old July 27th, 2015, 09:19 PM   #253
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From Rail Journal:

Quote:
http://www.railjournal.com/index.php...ml?channel=523

Taiwan implements high-speed rail reforms
Monday, July 27, 2015



A new structure for Taiwan High-Speed Rail Corporation (THSRC) came into effect on July 27, when the Ministry of Transport and Communications signed two agreements with the company to terminate the original build-operate-transfer concession for the Taipei - Kaohsiung high-speed line

Under the new structure, the Taiwanese government will become the majority shareholder in THSRC, but the company will continue to be privately managed. Government-controlled companies will increase their stake from 22.1% to 63.9%, while large private shareholders will cut their holdings from 37.4% to 17.4%. The remaining shares will be held by smaller investors

...
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Old July 29th, 2015, 02:33 AM   #254
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Quote:
Originally Posted by hkskyline View Post
Switch signal errors delay high-speed rail services
CNA Excerpt
February 18, 2015

TAIPEI, Taiwan -- A malfunction at a switch on Taiwan's only high-speed rail line caused trains to slow to a crawl for around 90 minutes Monday evening, the Taiwan High Speed Rail Corp. (THSRC 台灣高鐵) said.

The failure of the switch machine, used to control track switches or “turnouts” that allow trains to change tracks, between Taipei and Banqiao was detected at 5:35 p.m., the company said, forcing trains to travel at a dragging pace of 40 kilometers per hour.

The problem was resolved by 7:04 p.m. and normal services have resumed, the company said, but it did not state the exact cause of the problem.

The incident delayed 14,000 passengers in 23 trains, it said.
This is really worrying. Turnout malfunctions are one of the first symptoms of deferred maintenance issues. Turnouts are among the most complex rail constructions, and for this reason need to be maintained and inspected much more frequently than almost any other part of the physical plant.

A corporate culture that scrimps on turnout maintenance to save a few bucks is also one that is more likely to scrimp on other important maintenance -- inspection of the rails themselves, the road- and subroadbeds, ties, catenary, signalling systems, etc.

Taken to its conclusion, eventually this leads to major accidents caused by infrastructure failure (such as Hatfield in Britain), or downgrading of the track itself (as happened in the United States, where by the 1970s most of the Penn Central due to two decades of systematic lack of capital investment) ...

High speed rail depends on extremely frequent and precise maintenance and inspections to operate. Hopefully the new management structure can fix the problems of the old before something bad happens.
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Old August 5th, 2015, 04:58 PM   #255
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LPC-Taiwan's High Speed Rail Corp's lenders agree restructuring plan
Excerpt

HONG KONG, Aug 4 (Reuters) - Taiwan High Speed Rail Corp (THSRC) has avoided defaulting on a NT$382bn ($12.05 billion) loan and potential bankruptcy after reaching an agreement with lenders and the government which paves the way for a debt restructuring, bankers said on Wednesday.

The rail operator agreed three amendments to the loan with lenders led by Bank of Taiwan on Monday, after THSRC signed an agreement with Taiwan's Ministry of Transport and Communication on July 27.

The government agreement approved a long-awaited financial improvement plan that extends the rail operator's concession to 70 years from 35 years and terminates the indebted company's build-operate-transfer business model.

"The government has extended the operating concession from 35 to 70 years, it makes sense for us to extend the maturity on the loan," one source familiar with the situation said.

THSRC, which connects major cities on the west coast of Taiwan, ran into financial difficulties due to overly optimistic passenger projections and expensive tickets as well as high depreciation costs on its equipment, including the trains, one source familiar with the project said.
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Old August 7th, 2015, 06:02 PM   #256
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Does anyone have pictures of the new stations?
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Old August 10th, 2015, 01:51 PM   #257
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There are 3 new High Speed Railway Stations to open by Dec2015
Miaoli
Changhua
Yunlin
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Old August 16th, 2015, 07:36 AM   #258
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Great thread, awesome pictures.
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Old August 29th, 2015, 08:30 PM   #259
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Fri, Aug 28, 2015
High-speed rail operators deny report
SHARES MISTAKE? THSRC said that ‘Next Magazine’ got the details wrong of a plan to have privately placed common shares not resold within three years after delivery
Taipei times Excerpt

The Bureau of High Speed Rail and the Taiwan High Speed Rail Corp (THSRC) yesterday denied that a financial restructuring of the rail company was designed to benefit big corporations and Chinese investors.

The denial came after a story published by the Chinese-language weekly Next Magazine, which accused the Ministry of Transportation and Communications of intending to go against a resolution made by the Legislative Yuan about the plan, restricting funds from certain parties.

The story said the ministry planned to open a “back door” for big corporations, as well as those funded by Chinese investors, to increase their stakes in the firm.

THSRC released a statement saying it was no coincidence that the story was leaked.

“It is regrettable that some people took part of board meeting discussions, misinterpreted them and used them to mislead the public,” the company said. “Their intent is made even more suspect given the fact that the story was published before the company’s shareholders’ meeting next week.”

Based on the plan approved by the Legislative Yuan, the company is to reduce its capital by about 60 percent to erase debts, then increase capital by NT$30 billion (US$915 million).

The concession period is to be extended by 35 years.

To raise the funds, the company can only obtain funds from the state-run and state-affiliated agencies.

The Bureau of High Speed Rail said that NT$24.2 billion of the NT$30 billion is to come from the High Speed Rail-Relevant Construction Fund as per the resolution of the Legislative Yuan.

Corporations whose boards are controlled by the government or government-affiliated agencies are to raise NT$5.8 billion.

These requirements are listed in the amendment to the THSRC’s contract with the Bureau of High Speed Rail, which was signed on July 27.

The bureau said it has completed all the procedures to list the NT$24.2 billion in its budget.

The China Aviations Development Foundation is to invest NT$2.6 billion, whereas the remaining money is to be jointly invested by six government funded banks.
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Old October 17th, 2015, 09:52 PM   #260
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New Taichung railway station U/C on 06.09.2015.

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Last edited by mpeculea; October 20th, 2015 at 02:59 PM.
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