Lessons Learnt from Taiwan's High Speed Rail

Abstract

Taiwan takes BOT approach to build and operate its high speed rail. Several issues such as the enact of new law vs. the modification of old law, tri-party agreement vs. two-party agreement, partner or regulator, refinance vs. take-over, new town vs. old town, expropriation or zonal expropriation, and plan vs. development, occurred during the planning, construction, contracting and operation periods. Taiwan learns its lessons from the process and its outcomes, which could help others to prevent the issues or adapt their plans.