Taiwan contracted the world’s most ambitious “Build-Operate-Transfer” (BOT) jobs of its kind back in the late 1990’s to build a high speed bullet train project. The construction has been cursed with political scandals and corruptions ever since.
The total cost of the project has been estimated at about $2 trillion Taiwan dollars (or roughtly USD $61,538,461,000) by the time the construction is completed in late 2006. It will be 2 years late and billions of Taiwan dollars over budget — a laughing stock in the world of construction business.
The interesting thing about the scandal is, it’s an open secret of corruption and political favors. The Taiwanese media has repeatedly reported the details of the scandal. But yet nothing has been, and, with the way things are, ever will be, done about it because it involves both the sitting and previous presidents of Taiwan and their cabinets. It’s also clear the people of Taiwan fell asleep at the wheel having reelected the same morons who blindly passed the provisions of the project in the legislature. That’s why I think the South Koreans really got their shit together when they arrested, tried and convicted their former president for his criminal acts. As conflicts of interest continue to taint the construction, it’s not hard to see those elected morons will continue to gain the support of the businesses working on the project.
This sort of mirrors Enron’s ties to Bush Jr.. And it also echoes how Dickhead Cheney’s former company easily won the bids on the reconstruction projects in Iraq.
On a related issue, even though Taiwan has projected itself as a democratic and free society, the lawmakers in the parliament continue to demonstrate their shameless and childish ways of resolving political issues by literally brawling each other. I mean, if they truly care about their issues, I dare them to really challenge each other over a duel, like the good old days of America. That Alexandar Hamilton had some balls; in comparison, most of the Taiwanese legislators are a bunch of legalized criminals whose brains are the size of peanuts with no room for EQ.