Most of the money will be handed out as repayable loans, but the Treasury Minister Senator Philip Ozouf has admitted not all projects would be successful sosome public money would be lost.
The second and third projects are both pairs of telescopes. (Nobody now seems so unambitious as to build them one at a time.) These projects use competing methods to build their mirrors, so there is some rivalry between them.
Vingroup now has a portfolio of 31 real estate developments: 12 have been completed, 3 are under construction and the rest are in some stage of preconstruction planning (several projects are on hold, so as not to drive down the prices of other inventory, given the soft market).
So today's announcement strikes many as using a moderate investment in the reserves (and some other equipment projects for regular forces) to distract form deep cuts elsewhere.
So members of the Writers Guild may walk away as early as the beginning of November which would leave some studios with projects in mid-progress, forcing the studio to put it on hold or cancel it.