The state Cultural Endowment Fund’s (Kultuurikapital) supervisory board has approved the construction of a new television house to be used by public broadcaster ERR, utilizing money from the fund itself.
The Cultural Endowment Fund’s investment grant comes to €62 million.
The fund’s chair, Minister of Culture Heidy Purga (Reform) said: “The Cultural Endowment’s board unanimously approved moving forward with ERR’s new TV complex.”
A meeting on Wednesday saw the board authorize Margus Allikmaa, head of the Cultural Endowment Fund, to begin preparing a contract with ERR for the allocation of the €62 million, with payments to be spread out over several years.
Before the contract is signed, it must be presented to the board for approval.
More read: ERR.EE