The Council for Economic Planning and Development yesterday approved a two-stage plan by the Ministry of Transportation and Communications to build a 13.99km light-rail transit system by the end of 2023 to provide transportation for people living in Tamhai New Town (淡海新市鎮) in New Taipei City’s (新北市) Tamsui District.
“The system is expected to cost NT$15.31 billion (US$525.98 million) and will generate NT$14.16 billion in revenue 30 years after its completion,” said Chung Wen-li (鍾維力), the deputy chief engineer of the ministry’s High Speed Rail Bureau, at a press conference.
Chung added that it is still too early to tell how many jobs the project would create.
The first phase of construction, which will begin this year and is to be completed by 2018, includes 14 stations along the Green Mountain Route and the part of the Blue Sea Route that links the Green Mountain Route to Tamsui Fisherman’s Wharf, the council said.
The second phase of construction is to include six stations along the Blue Sea Route, linking Tamsui Mass Rapid Transit Station to the wharf.
The population of Tamhai New Town is currently 16,000 and the bureau estimated that it would grow to 120,000 by 2041. The system is designed to accommodate the projection of a 120,000-strong population.
The central government is to provide NT$1.67 billion to fund the project, with the Construction and Planning Agency to provide NT$7.09 billion and the New Taipei City Government to provide NT$6.55 billion, Chung said.
HANDOVER POLICY: Approving the probe means that the new US administration of Donald Trump is likely to have the option to impose trade restrictions on China US President Joe Biden’s administration is set to initiate a trade investigation into Chinese semiconductors in the coming days as part of a push to reduce reliance on a technology that US officials believe poses national security risks. The probe could result in tariffs or other measures to restrict imports on older-model semiconductors and the products containing them, including medical devices, vehicles, smartphones and weaponry, people familiar with the matter said. The investigation examining so-called foundational chips could take months to conclude, meaning that any reaction to the findings would be left to the discretion of US president-elect Donald Trump’s incoming team. Biden
INVESTMENT: Jun Seki, chief strategy officer for Hon Hai’s EV arm, and his team are currently in talks in France with Renault, Nissan’s 36 percent shareholder Hon Hai Precision Industry Co (鴻海精密), the iPhone maker known as Foxconn Technology Group (富士康科技集團) internationally, is in talks with Nissan Motor Co’s biggest shareholder Renault SA about its willingness to sell its shares in the Japanese automaker, the Central News Agency (CNA) said, citing people it did not identify. Nissan and fellow Japanese automaker, Honda Motor Co, are exploring a merger that would create a rival to Toyota Motor Corp in Japan and better position the combined company to face competitive challenges around the world, people familiar with the matter said on Wednesday. However, one potential spanner in the works is
HON HAI LURKS: The ‘Nikkei’ reported that Foxconn’s interest in Nissan accelerated the Honda-merger effort out of fears it might be taken over by the Taiwanese firm Nissan Motor Co has become the latest buyout target in Japan as it explores a merger with Honda Motor Co and faces an overture from Hon Hai Precision Industry Co (鴻海精密), known as Foxconn Technology Group (富士康科技集團) internationally. Shares in Nissan yesterday jumped 24 percent, the most on record, to hit the daily limit, after the two Japanese automakers acknowledged that talks are ongoing to better position themselves for competitive challenges during a time of upheaval in the global auto industry. Foxconn — a Taipei-based manufacturer of iPhones, which has been investing heavily in factories to build electric vehicles — has also
Call it an antidote to fast fashion: Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, then sold at a premium to global denim connoisseurs. Unlike their mass-produced cousins, the tough garments crafted at the small Momotaro Jeans factory in southwest Japan are designed to be worn for decades, and come with a lifetime repair warranty. On site, Yoshiharu Okamoto gently dips cotton strings into a tub of deep blue liquid, which stains his hands and nails as he repeats the process. The cotton is imported from Zimbabwe, but the natural indigo they use is harvested in Japan —
RSS