Legal fights loom over Taipei transit system

Article Abstract:

Foreign firms involved in Taiwan's mass transit system are faced with the prospect of a tremendous amount of litigation or arbitration in the near future. These foreign firms share liabilities equally with their local partners and are bracing for claims ranging from contractors suing one another for delays to residents claiming damages caused by construction. Many contractors also agreed to terms that were highly advantageous to the government, in their scramble to clinch contracts for the infrastructure project.

All Other Heavy Construction, Mass Transit Construction, Construction industry, Public works, Contracts, Local transit

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Bank bailout masks host of problems Taipei has pledged but failed to resolve

Article Abstract:

The Taiwanese government's rescue of the Changhua City Fourth Credit Cooperative Bank merely covers up the lack of regulation in the country's 74 credit unions. Credit unions are seen as places where improper lending practice abound, and experts believe that a decline of public confidence in credit cooperatives could lead to an overall decline of confidence in the banking industry. They also feel that the upcoming elections would prevent the enactment of any financial sector reform.

All Other Nondepository Credit Intermediation, NONDEPOSITORY INSTITUTIONS, Cooperative Banks, Laws, regulations and rules, Credit unions, Bank runs, Changhua City Fourth Credit Cooperative Bank

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Chen hopes to succeed where others have failed as head of Taipei subway

Article Abstract:

New Taipei Rapid Transit Chmn. C.W. Chen is confident that he will be able to overcome the many problems and challenges posed by the city's troubled subway project. A man with a reputation as an outspoken maverick, the 48-year-old Chen has already initiated efforts to eliminate the problems which have plagued the project.

Rail Mass Transit, Urban Transit Systems, Local and suburban transit, Officials and employees, Transportation industry, Transportation policy, Subways, Taipei, Taiwan, Chen, C.W., Taipei Rapid Transit Corp.

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