High-Speed Rail Fares: Chen Shih-Kai States No Discussion Before August 2027

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Press Release Information Title: High-Speed Rail Fares: Chen Shih-Kai States No Discussion Before August 2027 Subtitle: Company Name: Industry: Body (first 8000 characters): Central Message

(Central News Agency reporter Yu Hsiao-han, Taipei 7th) Regarding the High-Speed Rail's basic fare reaching the adjustment threshold, Minister of Transportation Chen Shih-Kai stated today that discussions about fares will only take place after new High-Speed Rail trains are online and ridership increases, expected around August next year.

Chen Shih-Kai discussed issues such as the Danjiang Bridge and High-Speed Rail fare adjustments during a radio interview.

Regarding the extension of the High-Speed Rail and fare adjustment issues, Chen Shih-Kai pointed out that transportation infrastructure will continuously extend, just like in the past when there was only National Freeway No. 1 (Zhongshan Freeway), but now there are National Freeways No. 3, No. 5, No. 6, and so on.

Chen Shih-Kai stated that it took Taiwan Railways 100 years to extend to a full loop around the island, and the High-Speed Rail will also continue to extend in the future.

As the High-Speed Rail's basic fare has again reached the adjustment threshold this year, there is potential for a fare increase of NT$290 for the Taipei-Kaohsiung route, with the maximum possibly rising to NT$1780.

Chen Shih-Kai pointed out that Taiwan High-Speed Rail is a listed company, and the Ministry of Transportation cannot order it to raise or freeze fares. However, after discussions with the High-Speed Rail company, the High-Speed Rail hopes to launch new trains by August next year, and then discuss fares after ridership increases.

The Ministry of Transportation annually announces government-approved High-Speed Rail basic fares based on changes in the Consumer Price Index. When it reaches 3%, adjustments will be made, and Taiwan High-Speed Rail Company will then review and set its own fares.

Taiwan High-Speed Rail's purchase of 12 sets of new-generation N700ST trains from Japan: the first set will leave the factory in July and arrive in Taiwan in August. Next year will mark the 20th anniversary of High-Speed Rail operations, and the new trains are expected to be gradually put into service from the second half of next year, with all new trains expected to be online by the end of 2028. (Editor: Guan Chung-wei) 1150507

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