we gonna be next with ECRL

the taiwan shinkansen is making losses.

our national budget deficit is large.

our tax rates are lowest, only 10% pay taxes

our SST can't do shit.

Petronas revenue down.

you want to add more to the national debt with a HSR ?

sure stimulate economy, but how much revenue in terms of taxes can that bring in? Its difficult to forecast.

friend, ECRL is coming

you don't know that?

ECRL got its own revenue

cargo hauling got its own revenue

we have so many subsidy, we can't afford another HSR burden

keep the budget balance clean

use for what?

to keep good credit rating...to get low interest if next time need to do borrowings

Taiwan Railway expects to post losses of NT$12bn
Staff writer, with CNA


Taiwan Railway Corp is likely to post losses of NT$12 billion (US$367.31 million) this year, its first year as a state-owned corporation after having been a government agency for many decades.

The projected losses would exceed the company’s estimation of losses of more than NT$7.4 billion and the losses of NT$11.4 billion the former Taiwan Railways Administration (TRA) posted last year.

The company’s core railway business is likely lose NT$13 billion, up NT$379 million year-on-year, Taiwan Railway data showed.

https://www.taipeitimes.com/News/taiwan/arc...2/25/2003829087

u look at argentina, lebanon, thailand, bolivia...etc all hv hallmarks of high budget deficit and subsidy issue.

politicians tend to want more voters so they lure them with subsidies.

develop amenities, develop education, develop infrastructure, tend not to bring in voters to select you.

So all monies wasted burn away to subsidy.

this is why nations with meriotacrocies like spore can jump past us, because money is reinvested into development rather than subsidy

ECRL infra every year have to cover short fall lor

sure ticket not enought to offset costs

development also must make sure not white elephant development

look at Indo making losses, even Taiwan Shinkansen making losses.

development like HSR if make losses, will burden our budget deficit

i rest my case

this is why HSR is a white elephant

every nation wants a rolls royce but can't afford it.

everything they do is short term

and the ministries all don't talk to each other

they also have a very top down culture...the down line don't dare to bring up issues, because to do that is like telling the boss to do the work for you.

So in the end, its all self destruction mode.

maybe follow south korea, germany and UK model ?

are thier one profitable?