THSRC has Secured Loan for High Speed Rail Projects

THSRC  has Secured Loan for High Speed Rail Projects
January 12, 2010 6:28 am

Taiwan High-Speed Rail Corporation (THSRC) has secured a syndicated loan of NT$382bn ($12bn).

The loan will be used to pay off existing loans obtained by THSRC at a higher interest during the railway’s construction and is expected to save the company about $2bn per year.
The syndicated loan, which is the country’s largest ever, has been issued by a consortium of eight government-owned or run banks led by Taiwan Financial Holding and the government has guaranteed NT$308bn ($9.7bn).
The privately-held THSRC built the 345km high-speed railway linking Taipei in the north with Kaohsiung in the south using Japanese bullet-train technology and operated the line under a build-operate-transfer contract with the government.
Three years after the railway entered operation in January 2007 the company incurred a loss of NT$70.2bn ($2.1bn), about 66% of its paid-in capital, and total debts of NT$400bn ($12.6bn). is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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