WHERE IS THE STATE? The case of the BOT project for Taiwan's High-Speed Railroad

抄録

While Taiwanese people and government celebrate for initiating service of the first high-speed railroad, there are certain possible financial and management crises within Taiwan High-Speed Railroad Co (THSR). As the first and most significant BOT project in Taiwan, THSR Co. faces certain financial problems which would affects the successful of this BOT project. The author argues the ambiguity of property right transfer during the BOT process and the formation of new power bloc in Taiwan are the causes of such financial problems.