NT$300 billion eyed for green-energy, water infrastructure

2017/03/20 19:46:22 fontsize-small fontsize-default fontsize-big
NT$300 billion eyed for green-energy, water infrastructure

Taipei, March 20 (CNA) Taiwan's Executive Yuan has decided to spend NT$300 billion (US$9.84 billion) over the next eight years to build infrastructure to generate green energy and preserve water.

A special budget totaling NT$50 billion has been planned for green-energy related infrastructure, aimed at ensuring the country's sustainable development and transforming Taiwan into a nuclear-free homeland by 2025, Executive Yuan spokesman Hsu Kuo-yung (徐國勇) said Monday.

Taiwan's government is hoping to increase green energy's contribution to the country's overall electricity generation from 5.1 percent in 2016 to 20 percent in 2025, Hsu said at a press conference.

The Executive Yuan is planning to invest another NT$250 billion by 2025 in water resource infrastructure so that Taiwan will no longer suffer from water shortages and flooding and give people living here access to clean drinking water, Hsu said.

These infrastructure construction plans are part of the Executive Yuan's ambitious "Perspective Infrastructure Construction Project" aimed at building infrastructure the country needs for its development over the next three decades.

Beyond green energy and water environment improvement, the project also covers the construction of new rail tracks and digital infrastructure and urban-rural development, according to the Executive Yuan.

Funds for those five major areas of investment will be allocated from a special budget that will not surpass NT$1 trillion, Hsu said at the press conference, at which authorities unveiled plans to develop green energy and water resource infrastructure.

Economic Affairs Minister Lee Chih-kung (李世光) said water infrastructure construction will focus on building reservoirs and artificial lakes, river dams and rain channeling underground tunnels, and improving the national water environment.

As for green energy, Minister without Portfolio Wu Cheng-chung (吳政忠) said construction in the area will cover solar energy, wind power and a green energy-oriented science-based town in Shalun, Tainan.

(By Ku Chuan and Elizabeth Hsu)
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