Government to issue NT$30bn in bonds for CAA fundBy Shelley Shan / Staff reporterGovernment bonds would be issued to increase the Civil Aeronautics Administration (CAA) Operating Fund by NT$30 billion (US$1.04 billion), CAA Director-General Lin Kuo-hsien (林國顯) confirmed yesterday. Civil Aeronautics Administration (CAA) Director-General Lin Kuo-hsien presents CAA and Taoyuan International Airport Corp budget plans for review by the Legislative Yuan’s Transportation Committee in Taipei yesterday. Lin said that the CAA and TIAC have given excessively rosy forecasts for the air transport market in the next fiscal year. This would be the first time in 48 years that the government has issued bonds to raise money for the CAA Operating Fund. The decline in passengers accessing the airport also has affected the Tourism Development Fund, which is partially funded by airport service fees.

Source: Taipei Times October 28, 2020 15:56 UTC