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Tate Modern bags government windfall

The government has pledged to cough up almost a quarter of the cash needed to build Herzog and de Meuron’s ambitious £215 million Tate Modern extension (pictured).

The £50 million windfall, which will only be handed over if the London gallery can raise the rest of the funds, was unveiled by culture minister James Purnell this morning (5 December).

It is hoped the cash injection will help the project to complete in 2012, to coincide with the opening of the London Olympic Games.

Purnell said: ‘Many will have cheered inwardly when this scheme was given planning permission. Many, like me, couldn’t believe it had been pulled off.

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