An underground railway project in Tainan City hit a snag yesterday when both the central and city governments indicated that it was beyond their power and ability to fill a financial vacuum in the required budget.
An estimate by the Ministry of Transportation and Communications showed that a budget of NT$29.57 billion (US$891.54 million) is required to build a 7.55km section of the railway under the city.
The ministry had asked Tainan to put up NT$7.14 billion, but the cash-strapped local government has complained that it could not bear such a large share of the cost.
At a meeting with Tainan City councilors and officials yesterday, Minister of Transportation and Communications Tsai Duei (蔡堆) acknowledged the importance of Tainan's underground railway project in preserving the city's many important historical relics, saying an elevated railway would ruin the city skyline.
Fearing that further delays would only add to the cost, Tsai urged that the project begin as soon as possible.
The city government suggested that the central government make the full amount needed for the project available, or else allow the city government to repay the central government NT$2.5 billion over 15 years, or NT$4 billion over 25 years.
Tsai said it was beyond his power to agree to such a proposal, while Cheng Szu-jung (鄭賜榮), director-general of the ministry's Railway Reconstruction Bureau, virtually rejected the proposal, saying that the ministry would have difficulty mustering extra funds to fill the financial vacuum.
Alternatively, Councilor Wang Ting-yu (
City Council Speaker Huang Yu-wen (黃郁文) threw his support behind Wang's proposal and urged city government officials to work out a plan with Wang so that the city council can formally endorse it for presentation to the central government.
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SEMICONDUCTORS: TSMC is able to produce 2-nanometer chips and mass production is expected to be launched by next year, the company said In leading-edge semiconductor manufacturing China is behind Taiwan Semiconductor Manufacturing Co (TSMC) by at least 10 years as the Taiwanese chipmaker’s manufacturing process has progressed to 2 nanometers, National Science and Technology Council (NSTC) Minister Wu Cheng-wen (吳誠文) said yesterday. Wu made the remarks during a meeting of the Legislative Yuan’s Education and Culture Committee when asked by Democratic Progressive Party Legislator Wu Pei-yi (吳沛憶) about a report published in August by the Chinese version of Nikkei Asia that said Taiwan’s lead over China in chip manufacturing was only three years. She asked Wu Cheng-wen if the report was an accurate