Taipei to fork over US$90 billion to Farglory over DomeTAIPEI, Taiwan --With a decision looming over Farglory's (遠雄) contract for the Taipei Dome (台北大巨蛋) project, city officials estimated Thursday that the contractor was seeking NT$90 billion (approx. Alternately, if Farglory fulfills the stipulated requirements and receives permission from the city, construction could resume, he noted. Deputy Taipei City Mayor Teng Chia-chi (鄧家基) said that compensation costs, which the city is trying its best to avoid, could range between NT$30-90 billion should the project fall through. Farglory Suggested Typhoon Safety MeasuresMeanwhile, Farglory recommended that the municipal government establish a traffic restriction zone of 500 meters around the Dome as Typhoon Nepartak and its expectant heavy winds and rains approaches the island. US$2.9 billion) from the city in compensation should its contract be terminated.

Source: The China Post July 07, 2016 18:00 UTC