Mass Rapid Transit Act Article 25

1. Where a mass rapid transit system is to be constructed by the central competent authority, the central competent authority may assign a local competent authority to establish an operation organization, which may also be invested and established by a private corporation after a selection process.2. Where a mass rapid transit system is to be constructed by a local competent authority, the local competent authority may establish an operation organization, which may also be invested and established by a private corporation after a selection process.3. The assets of the mass rapid transit system constructed by the government shall be co-owned by the local governments along the routes of the mass rapid transit system based on the proportion of investment. The assets of the mass rapid transit system constructed by the government that are partially financed by the central government shall be share-owned by the local governments along the routes of the mass rapid transit system based on the proportion of self-liquidation and non-self-liquidation investment. However, the operation organization does not share-own the assets of the mass rapid transit system. If the assets of the mass rapid transit system are leased to the operation organization for use and profit, the operation organization shall be responsible for management and maintenance of the assets.4. The rental period and process of mass rapid transit system assets mentioned in the preceding paragraph shall not be subject to the restrictions referred to Paragraph 1, Article 449 of the Civil Code; Article 25 of the Land Act, and the regulations governing the management of government-owned assets by local governments.5. The definition, range, management organization, asset registration, handing over, additions, damages, changes, disposal, benefits, creation of encumbrances, usage, lease, and management of the assets referred to in Paragraph 3 of this article shall be prescribed by the central competent authority.