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Premier signs off on NT$25.1 billion budget for space development

2019/01/15 17:14:38

Taipei, Jan. 15 (CNA) Premier Su Tseng-chang (蘇貞昌) on Tuesday signed off on a plan to spend NT$25.1 billion (US$814.32 million) over the next decade to develop the country's space technology sector.

It was the first official document signed by Su since he took office the previous day, replacing former Premier Lai Ching-te (賴清德).

The funding had already been approved by the Legislative Yuan as part of a larger space budget.

On his Facebook page, Su said the measure is the part of the government's third space program aimed at nurturing new talent and boosting national research on space technology and applying the results to support industrial development.

According to the Executive Yuan's website, the first two space programs ran from 1991 to 2006 and 2004 to 2018, and consisted of the successful launches of the nation's FormoSat-1, FormoSat-2 and FormoSat-3 satellites into space.

The third space program began this year and will run until 2028.

(By Ku Chuan and Ko Lin)