This will definitely happen. At least in the concourse. I’ve seen signs hung up that say “ad light box here”.
I think if they want to make money then they need to increase their trains between the downtown stations. I don’t know about Taipei, but trains between Kaohsiung downtown stations only run every 30-40 minutes or so.
They could redevelop some of the land they own to make quick bucks. That said a lot of the stations have been rebuilt recently, Kaohsiung still in progress , Taoyuan getting started.
Took the trains around the island during new year. Very smooth, trip back down South was uncomfortably crowded with migrant workers standing but it’s Chinese new year it’s kind of to be expected. Felt sorry for some of them as they were tired from standing . Always beats sitting in traffic. Zero traffic jams and no tiredness or stress from driving this year.
The East coast has the Xin Zi Qiang EMU 3000 , very smooth, comfortable, even sockets for charging, it’s a more comfortable experience than the HSR actually . West coast still mostly uses the old Zi Qiang. The trains were a few minutes delayed that’s all.
Took the Puyuma tilting train from Hualien to Taipei , takes a bit of getting used to but it is a quick trip.
I guess just for comparison they didnt release full year 2022 results.
But yes 2023 results in the six months to june 30 was substantially more then the same period in 2022.
even so, three point 754 billion NTD for the six months and lets just say its double for the full year so about seven point 508 Billion NTD, divided by 30 is about 250 Million USD after interest and other costs is actually very impressive. I bet it compares favorably with other similar sized public transports.
However it would take 48 years for this amount of income to repay the 12Billion USD construction cost. So a 48 year investment recouperation is something only a govt can do on such a large scale.
I could lend you 120 dollars and have you return the 120 dollars to me in 48 years and make say 5 pct /annum interest without breaking a sweat, but I cant lend you 12 Billion USD (assuming i even had remotely this amount of money, which actually is as far from me as the moon is from mars). And NO, i am NOT going to lend you 120 dollars with an expected 48 year full return, even with the five percent /annum return…although in large amounts of money this would be seen as a very handsome return…but i NEED that 120 bucks …so sorry, thanks for asking.
so its NOT a good investment for most anyone cept the govt. And the payoff should be seen in general economic transformation and gain, which is incalculable except by different yardsticks depending on whos talking.
Actually a few people in the world have this sort of wealth like gates or mister X of Tesla fame or the google boys or mister Amazon but they know better
The Taiwan government is currently the majority owner of HSR after it blew up following years of losses. It had to undergo reorganizibation and get its loans restructured.
so there! Course some fat cats never were in it to make profit from the train, they were not THAT NAIVE, they were in it for the land speculation which im sure they made good. And left the govt with the big white elephant which they may have expected to do in the first place
Nita Ing (殷琪; born 17 March 1955, in Taipei) is the Taiwanese-American president of Continental Engineering Corporation and the former chairman of the board of the Taiwan High Speed Rail Corporation, the company which built a high-speed railway system from Taipei to Kaohsiung. A supporter of the Democratic Progressive Party, she had been an advisor to the former President Chen Shui-bian.
Her career as a construction magnate took place largely within Taiwan's Continental Engineering Corporation, ...
She was Chairwoman of conglomerate who won original BOT contract.
Originally ran Continental Engineering, a listed construction company.
She has a storied history.