Taipei 101 fireworks show gets go ahead

The China Post
Date: December 6, 2016


A woman looks at Taipei 101 from a hotel room in Taipei on Monday, Dec. 5. The operator of the skyscraper confirmed on Monday that the Taipei 101 New Year’s Eve fireworks display will be held this year. Hoteliers in Xinyi District, where Taipei 101 is located, said that 80 to 90 percent of rooms have been booked for New Year’s Eve. (CNA)

TAIPEI, Taiwan — The Taipei 101 skyscraper has raised the funds needed to hold its renowned annual fireworks show, Minister of Finance Sheu Yu-jer said Monday.

Speaking at a hearing held by the Finance Committee of the Legislative Yuan, Sheu said the company has raised the NT$45 million (US$1.41 million) needed to cover the budget for the New Year’s fireworks show.

The government is the largest shareholder of Taipei Financial Center Corp. (TFCC), which operates Taipei 101, with a 44.35 percent stake.

On behalf of the largest shareholder of Taipei 101, Sheu said the Tourism Bureau will contribute up to NT$20 million, as it has in the past, while the business sector has pledged to provide the rest of the funding.

Taipei 101 also spent NT$45 million on its New Year’s fireworks show last year, which lasted 238 seconds and involved a total of 30,000 fireworks.    [FULL  STORY]

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