Lawmakers are scheduled to vote tomorrow on a proposal to regulate the composition of Taiwan High Speed Rail Corp's (台灣高鐵) board members and another proposal to withdraw government funding from the nation's first high-speed railway project, local media reported yesterday.
The six-point proposal -- initiated by independent lawmaker Sisy Chen (陳文茜) and backed by the opposition PFP and KMT -- requires the Cabinet's Development Fund (開發基金) and the Taiwan Sugar Corp (Taisugar, 台糖) to stop investing in THSRC, starting this year.
Currently, Taisugar has invested NT$5 billion in THSRC which makes it the largest shareholder, with a stake of 10 percent. The Development Fund has invested NT$3 billion, a stake of 6 percent.
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