Radio Taiwan International
The government is planning to spend nearly NT$882.4 billion (US$29.4 billion) on a massive forward-looking infrastructure project over eight years. That’s in light of the negative growth in infrastructure investment made by the government and state-run businesses in recent years.
The project focuses on five areas: green energy, water management, the rail network, digital development, and urban and rural development. It is expected to create 40,000 to 50,000 job opportunities.
On August 31, the legislature passed a budget of NT$108.9 billion (US$3.6 billion) for the first phase, or about 1.7% of the total budget. Former Premier Lin Chuan directed related agencies to carry out the project as soon as possible, saying that the project is a top priority. [FULL STORY]