Legislators pass act to corporatize TRA
The Legislative Yuan yesterday passed the third reading of the State-run Taiwan Railways Corporation Act (國營台灣鐵路股份有限公司設置條例) that would corporatize the Taiwan Railways Administration (TRA) and transform it into state-owned Taiwan Railways Corp. The Executive Yuan is to set the date on which the new act is to take effect as the implementation of some of its regulations would take time to prepare. Premier Su Tseng-chang (蘇貞昌) hailed the passage of the act as a great start to reforming the TRA, and promised to continue improving its safety and operating effici...