Terry Chao

Kaohsiung rapid transport co.

Since the construction of the "Kaohsiung Rapid Transit System – the Red and Orange Lines Construction Project" was announced by Kaohsiung City Government (hereunder briefed as "KCG") on February 1, 1999, China Steel Corporation invited other companies began to organize the "Kaohsiung Rapid Transit Corporation Preparatory Office" for initiating the investment in the Kaohsiung Rapid Transit System (hereunder briefed as "KRTS"). On May 10, 2000, the "Kaohsiung Rapid Transit Corporation (KRTC) Preparatory Office" was rated as the most favorable applicant by the Selection & Review Board established by KCG and the company was incorporated after the contract negotiation with KCG, and the company license was granted on December 28 of the same year. Later on January 12, 2001, the KRTC signed the "Build and Operation Contract" and "Development Contract with KCG and started the construction from October 2001 to formally commence the KRTS project. After six more years of construction, the Kaohsiung MRT Red and Orange lines are scheduled to start regular service from 2008. According to the contract, a total of 36 years will be granted as the concession period for the building and operation of the KRTS starting from the work commencement in the end of October 2001 to the end of October 2037.