The Kaohsiung Rapid Transit Corporation (KRTC) (traditional Chinese: 高雄捷運股份有限公司; simplified Chinese: 高雄捷运股份有限公司; pinyin: Gāoxióng Jiéyùn Gǔfèn Yǒuxiàn Gōngsī) is a corporation established by the municipal government of Kaohsiung, Taiwan to build and operate a rapid transit system for the municipality of Kaohsiung. The corporation was established on February 1, 1999. The government signalled the start of this BOT (Build, Operate, Transfer) project with solicitation of private sector investment in the initial phase of a Kaohsiung Rapid Transit System-the Red and Orange Lines Construction Project. This first step demonstrated Kaohsiung Municipal Government's determination to propel Kaohsiung City and County towards a prosperous future. The Kaohsiung Rapid Transit System will not only fulfill a transport function but will also provide the framework and catalyst for the development of the fabric, the economy and the quality of life of the area, and for the promotion of community life, culture and art.
China Steel Corporation has been based in Kaohsiung for nearly 30 years. Based on its mission objective of contributing to the development of its home city, China Steel sponsored the establishment of the provisional office of the Kaohsiung Rapid Transit Corporation in February 1999 and lodged an application to invest in the project following the solicitation of the Kaohsiung Municipal Government. The main participants in the Kaohsiung Rapid Transit Corporation are: China Steel Corporation, Southeast Cement Corporation, RSEA Engineering Corporation, China Development Industrial Bank and Industrial Bank of Taiwan.
Following the public appraisal of the applications by the Kaohsiung Municipal Government, Kaohsiung Rapid Transit Corporation was selected on May 26, 1999 as one of the shortlisted applicants. On May 10, 2000, the Corporation was selected as the best applicant and concluded the relevant agreements and protocols with the Kaohsiung Municipal Government in August 2000. The raising of the initial capital stock was completed on December 19, 2000 and an inaugural meeting of the stockholders was held on the same day. Kaohsiung Rapid Transit Corporation obtained a company licence and was registered on December 28, 2000. The Corporation signed the" Construction and Operation Agreement" and" Development Agreement" with the Kaohsiung Municipal Government on January 12, 2001.
Famous quotes containing the words rapid, transit and/or corporation:
“The idealism of Berkeley is only a crude statement of the idealism of Jesus, and that again is a crude statement of the fact that all nature is the rapid efflux of goodness executing and organizing itself.”
—Ralph Waldo Emerson (1803–1882)
“We only seem to learn from Life that Life doesn’t matter so much as it seemed to do—it’s not so burningly important, after all, what happens. We crawl, like blinking sea-creatures, out of the Ocean onto a spur of rock, we creep over the promontory bewildered and dazzled and hurting ourselves, then we drop in the ocean on the other side: and the little transit doesn’t matter so much.”
—D.H. (David Herbert)
“It is truly enough said that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience.”
—Henry David Thoreau (1817–1862)