Corporatization of TRA and Establishment of Sinking Fund: Assumption of Historical Debts and Asset Transfer

To enhance operational efficiency and competitiveness while promoting the sound development and sustainable management of the railway industry, the Ministry of Transportation and Communications (MOTC) facilitated the transformation of the "Taiwan Railways Administration" into the " State-Owned Taiwan Railway Corporation, Ltd.". The corporation was officially established on January 1, 2024.
To fulfill the government's commitment to assume debts resulting from historical burdens, Article 10, Paragraph 1 of the Statutes for the Establishment of Taiwan Railway Corporation, Ltd. (promulgated on June 22, 2022) stipulates that the government shall transfer adequate assets managed by the TRA and its subordinate agencies. These assets are to be placed into a fund established by the MOTC, dedicated to managing the institution's existing short-term debt and liquidating said debt through equivalent asset values.
On November 3, 2022, the Executive Yuan approved the amendment of the Regulations for Revenues, Expenditures, Safeguard and Utilization of Transportation and Communications Operations Fund. This amendment established the self-liquidating "Taiwan Railways Administration Transferred Assets and Debt Management Fund" (hereinafter referred to as the Sinking Fund) to assume the aforementioned debts and assets.

The Four Primary Asset Portfolios of the Sinking Fund

• Taiwan Station Special District E1E2 Block
• Taipei Railway Workshop (Taipei Railway Museum/Taipei Main Factory)
• Kaohsiung Port Station and Harbor Line
• National Non-Public Property Transferred to the National Property Administration for Takeover and Management