The funding is from DCMS’s Comprehensive Spending Review Settlement. The new Gallery is expected to lead to an extra million visitors a year to Tate Modern, already the most popular museum of modern art in the world.
Speaking at Tate Modern today, James Purnell said:
“This is a really important moment for Tate, and for London. Herzog and de Meuron’s astonishing design will create a stunning new landmark for the capital, and a brilliant space for showing the very best of international modern art to the world, free of charge.
“Tate Modern has been a runaway success with the public from the day it opened. I know that this new development, which we hope will be completed in time for 2012, will prove once and for all that London is the cultural capital of the world.”
Notes to Editors
The DCMS announced the Comprehensive Spending Review settlement for the arts and the national museums and galleries on 12 October (News Release 117\2007).