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Debt-ridden bullet train operator warned of March crisis

Taiwan High Speed Rail is the first overseas train system to use Japanese shinkansen bullet-train technology.

TAIPEI -- Taiwan's high-speed rail system, which uses Japanese shinkansen bullet-train technology, is caught in a financial crunch after eight years of service. High depreciation expenses and interest payments have left the company deep in the red.

     Taiwan High Speed Rail, the company that operated the bullet trains, may go under "as early as in March," warned a Taiwanese official.

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