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Over NT$21 billion for 2010 railway construction: CEPD

2010/02/09 19:33:21

Taipei, Feb. 9 (CNA) The government is slated to earmark NT$21.5billion (US$671.87 million) this year for several railwayconstruction projects around the country, exceeding the NT$18 billionset aside for road construction, the Cabinet-level Council forEconomic Planning and Development (CEPD) reported Tuesday.

The railway construction projects will upgrade the servicequality of the Taiwan Railway Administration (TRA), which transportssome 500,000 passengers every day, the CEPD said.

According to the CEPD, the Executive Yuan has approved projectsthat will see the TRA phasing out its aging rolling stock in linewith an electrification plan along the 155 km rail link betweenHualien and Taitung in eastern Taiwan, with various other plansawaiting approval.

To increase the self-liquidation ratio and rack up greaterprofits, the government will also devote funds to land development inareas adjacent to the major stations along the Hualien-Taitung line,the CEPD added.

(By S. J. Ho and Flor Wang)