Thu, Dec 09, 2004 - Page 2 News List

Cabinet evasive about Guggenheim branch

FUNDING Saying that building a branch of the museum would be a financial liability for Taichung, the city council proposed that the Executive Yuan take over the project

By Ko Shu-ling  /  STAFF REPORTER

A cooperation agreement was signed in September this year between the city and the foundation after reports that the foundation wanted to abort the plan.

The breakthrough came after the economic council agreed in August to earmark NT$2 billion in next year's budget to help finance the project.

The Cabinet in October earmarked NT$800 million for the branch as requested by the city. This budget is included in the Cabinet's five-year, NT$500 billion 10 Major Construction Projects package.

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