Taiwan High Speed Rail (THSR) is the high-speed railway network in Taiwan, which consists of a single line that runs approximately 350 km (217 mi) along the western coast of the island, from the capital Taipei in the north to the southern city of Kaohsiung. With construction and operations managed by a private company, Taiwan High Speed Rail Corporation (THSRC), which also operates the line, the total cost of the project was NT$513.3 billion in 1998. The system's technology is based primarily on Japan's Shinkansen.