In recent years, as Taiwan develops major transportation infrastructure construction, it frequently encounters the problem of finances in construction and initial operations. In more serious cases, they face closure, and then they must rely on government funding. These conditions seem to be completely opposite of the original intentions of the government in the development of transportation infrastructure. The most commonly experienced are the Taiwan High Speed Rail and the Kaohsiung Rapid Transit System. This research conducted literature review to understand the existing conditions and characteristics of transportation infrastructure finances in Taiwan, as well as the Statute for Encouragement of Private Participation in Transportation Infrastructure Projects and the Act for Promotion of Private Participation in Infrastructure Projects. In addition, this research compared them with the British Private Finance Initiative (PFI) system, and further explored the influence and contribution to financial risks by the Kaohsiung Rapid Transit System and its stabilization fund system.
Factors relating to finances and contracts in the Value for Money (VFM) motivating factors of the PFI system were determined, and then the relationships among the factors were determined using the analytic network process (ANP). The findings can serve as references in the future development of transportation infrastructure, upon similar contracts being established.
