Cabinet approves TRA’s transition to corporationBy Lee Hsin-fang and Jake Chung / Staff reporter, with staff writerThe Executive Yuan yesterday passed a draft regulation that would, if ratified by the Legislative Yuan, transform the Taiwan Railways Administration (TRA) into the state-owned Taiwan Railways Corp. The railway agency has an outstanding debt of NT$420.8 billion (US$15 billion) divided into four categories, which would each be handled differently. Executive Yuan spokesman Lo Ping-cheng speaks to reporters in Taipei yesterday about Taiwan Railways Administration’s corporatization. Premier Su Tseng-chang (蘇貞昌), who chaired yesterday’s weekly Cabinet meeting, has asked Minister of Transportation and Communications Wang Kwo-tsai(王國材) to address TRA employees’ concerns about the agency’s debt and employees’ benefits. Su said that Wang would facilitate the reforms, adding that other department heads have been asked to offer the TRA assistance in the transition.

Source: Taipei Times March 04, 2022 02:46 UTC