Tue, Nov 25, 2003 - Page 1 News List

Huge project unveiled to boost growth

STIMULUS The NT$500bn package will create jobs and revive the economy, the Cabinet says, but it must still get the approval of a skeptical legislature

By Ko Shu-ling  /  STAFF REPORTER

"As for the president's comments about myself, I don't think it's appropriate for me to disclose any of the details," he said, referring to speculation that the president had asked him to head the Cabinet once he wins his re-election bid.

The 10 construction package encompass four areas: a NT$212.8 billion sustainable ecology project, which takes up 42 percent of total spending; a NT$107.9 billion international competitiveness project (22 percent); a NT$100.6 billion culture and creativity project (20 percent); and a NT$50 billion research and development project (10 percent). The remaining 6 percent will go toward interest payments.

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