Taipei Mass Rapid Transit (Taipei Metro) lost NT$469 million from January to April this year as a result of the novel coronavirus pandemic.
The government-owned company plans to apply to the Taipei City government for a 50-percent reduction in the rent of the metro system’s property in accordance with the government’s COVID-19 relief plan.
Taipei Metro said that in the first quarter of this year, the transportation sector suffered a near loss of NT$1.11 billion. Thanks to an external surplus of NT$638 million from subsidiaries, the combined loss overt the first four months of the year totaled NT$469 million.
Previous attempts to apply for relief funds from the Ministry of Transportation and Communications (MOTC) failed, however, as the company is under the authority of the local government.
Taipei Metro, therefore, applied to the Taipei City Government for a 50-percent rent reduction, the details of which are still being discussed.