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Near-bankruptcy of the Taiwan High Speed Rail Corporation: what went wrong?

Yu, P. K.-h. and Johannesson, J. (2010) Near-bankruptcy of the Taiwan High Speed Rail Corporation: what went wrong? International Journal of Business and Management. 5(12), pp. 14-22. 1833-3850 (print); 1833-8119 (online).

Item Type: Article
Abstract: After a few delays, the Taiwan High Speed Rail (THSR), which is the largest current Build-Operate-Transfer (BOT) Railway Project in the world, with eight stations on the line connecting the metropolises of Taipei and Kaohsiung, began its passenger service in January 2007. However, by February 2009, it became very clear that the Taiwan area government must take over the THSR Corporation (THSRC) in one way or another, because the latter had already mired in enormous debts, loosing roughly two thirds of its capitalization. The THSR was only able to break even once in April 2008. This paper spells out the major reasons behind the project’s near-bankruptcy. Some questions will be posed: Who are involved? Who should be responsible for the failure? Should business entrepreneurs venture into High Speed Rail (HSR) projects in the future?
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HC Economic History and Conditions > HC94 By region or country > HC430.5 Taiwan
H Social Sciences > HE Transportation and Communications > HE1001 Railroads. Rapid transit systems
Creators: Yu, Peter Kien-hong and Johannesson, Jokull
Publisher: Canadian Center of Science and Education
Faculties, Divisions and Institutes: University Faculties, Divisions and Research Centres - OLD > Faculty of Business & Law > Business and International Management (to 2010)
Faculties > Faculty of Business & Law > International Strategy & Business
Date: 2010
Date Type: Publication
Page Range: pp. 14-22
Journal or Publication Title: International Journal of Business and Management
Volume: 5
Number: 12
Language: English
ISSN: 1833-3850 (print); 1833-8119 (online)
Status: Published / Disseminated

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