FORWARD-LOOKING:According to an estimate, the project would contribute at least NT$975.9 billion to GDP, thereby stimulating economic growth, Lin Chuan said
Date: Mar 24, 2017
By: Lee Hsin-fang and Shelley Shan / Staff reporters
The Cabinet has finalized plans to submit a special eight-year budget request of
NT$880 billion (US$28.86 billion) to the legislature for the “Forward-looking Infrastructure Construction Project,” Premier Lin Chuan (林全) said yesterday.
The government hopes to attract NT$1.7 trillion in public and private-sector investment for the project, Lin said.
“Some say the project is too costly. I do not look at it that way. The government should have vision and foresight. It will be worthwhile as long as the goals are achieved,” Lin said.
Government agencies are to submit budget proposals in relation to the project by the end of next month, which are to be collated by the Executive Yuan before a finalized budget request is delivered to the legislature in the middle of May, he said.