TAICHUNG (XFN-ASIA) - Taiwan High Speed Rail Corp (THSRC), which has built Taiwan's first bullet train system (it reaches speeds of 300 km per hour) and is still awaiting the final go-ahead to begin service, said that it expects operations to be profitable by its second year.
'We are targeting operational profits in the second year of commercial services,' company chief executive officer Ou Chin-der told XFN-Asia on the sidelines of a media gathering.
It expects to break even 12 months after its first commercial run. An official quoted estimates from the Council of Economic Planning and Development that construction of the high-speed rail network has created 480,000 jobs and may contribute 1 percentage point to economic growth.
Forbes.com / AFX News Limited
