NT$72.7bn infrastructure plan revealed

FORWARD-LOOKING PLAN: A budget for the infrastructure program’s next phase, from next year to 2020, has been approved by Premier Lai and is to be sent to the legislature

Taipei Times
Date: Jul 30, 2018
By: Lee Hsin-fang and Sherry Hsiao  /  Staff reporter, with staff writer

The government is to invest NT$72.7 billion (US$2.38 billion) in urban and rural infrastructure over the next two years, sources with knowledge of the matter said.

If passed, the urban and rural infrastructure plan would be the single largest item in the special budget allocated to the second phase of the Forward-looking Infrastructure Development Program, the sources said, speaking on condition of anonymity.

Premier William Lai (賴清德) has already approved a NT$227.1 billion budget for the second phase of the program and the proposed budget is to be sent to the Legislative Yuan for review next month, they added.

The first phase of the program — which runs from September last year to December this year — received NT$107.1 billion, NT$35 billion of which was allocated to urban and rural infrastructure.    [FULL  STORY]

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