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Lisbon culture fund sparks $100m row

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A dispute has erupted over a $100 million cultural exchange foundation in Lisbon funded entirely by money from Macau.

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Macau's last governor, General Vasco Rocha Vieira, will chair the Jorge Alvares Foundation, intended to promote cultural exchanges.

Portuguese news reports said he would be paid about $80,000 a month to head the foundation.

News agency Lusa said General Vieira, 60, was appointed last week by the foundation's board of curators in Lisbon.

The agency said the initial endowment was almost $100 million, equally shared between Stanley Ho Hung-sun's Macau casino monopoly company STDM and the Macau Co-operation and Development Foundation.

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The latter, which is sustained by regular STDM payments, was headed by General Vieira until the handover.

The curators of the new foundation include several former Macau governors and pre-handover government officials.

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