The Council for Economic Planning and Development (CEPD) yesterday approved the Kaohsiung City Government’s plan to build a light rail system to complement its Mass Rapid Transit (KMRT) system, hoping a light rail system will boost traffic volume for mass rapid transit in the city.
The building of the 36-station and 22.1km light rail system may be differentiated into two stages, with the first stage scheduled to break ground by the end of this year and begin operation in the middle of 2015, the council said in a statement.
The second stage of the plan is set to start operation by 2019, the statement said.
“The launch of the light rail system may raise daily traffic volume for the city’s mass rapid transit by 52.7 percent,” KMRT Bureau director-general Chen Tsun-yung (陳存永) told a media briefing in Taipei.
The daily traffic volume of KMRT averaged 160,000 passengers in the second quarter, remaining lower than the break-even level, further deepening the system’s losses, Chen said.
The light rail system could link the two lines of the KMRT and boost traffic for the overall mass transit system in the city, he added.
Building the light rail system is expected to cost NT$16.54 billion (US$556.15 million), with the self-liquidation ratio reaching 39.64 percent, the statement showed.
Excluding the expense of land and self-liquidation costs, the city government is to spend NT$1.8 billion on the plan, with the central government paying the other NT$6.36 billion, Chen said.
In other news from Greater Kaohsiung, the average debt per capita in the city amounted to NT$78,400 at the end of last month, maintaining the highest level among the 22 local governments in the nation, Ministry of Finance data showed yesterday.
Miaoli County had the second-highest debt per capita at NT$71,000, followed by the NT$62,000 debt per capita recorded for Taipei City, ministry statistics showed.
Kinmen and Lienchiang counties reported zero debt for the third straight month, according to ministry’s data.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu