NDC completes 1st stage of budget for infrastructure plan

Focus Taiwan
Date: 2017/07/07
By: Yang Shu-min and Frances Huang

Taipei, July 7 (CNA) The National Development Council (NDC), the country’s top economic planning

NDC deputy chief Kung Ming-hsin CNA file photo

agency, said Friday that it has completed a budget of NT$83.9 billion (US$2.74 billion) for the first stage of spending under the newly passed “forward-looking infrastructure development plan.”

The NT$83.9 billion budget will be allocated during the period of July 2017 through December 2018 for a total of 68 projects in a wide range of industries under the plan, said Kung Ming-hsin (龔明鑫), NDC deputy chief.

The move for the NDC to write the budget came after a bill for the infrastructure development plan cleared the floor of the Legislative Yuan on Wednesday.

The newly passed bill will allow the Cabinet to spend up to NT$420 billion over the next four years on the country’s infrastructure works, as well as high-tech development, in a bid to speed up the pace of economic growth.    [FULL  STORY]

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