24 Feb '18, 9am

[Mothership] S’pore govt’s borrowing for the first time since 1980s for infrastructure projects https://t.co/2wzBByZl97

Finance Minister Heng Swee Keat announced in the Budget statement this Monday (Feb. 19) that the government is looking at borrowing by Statutory Boards and Government-owned companies which build infrastructure. Everything you need to know about Budget Statement 2018 For instance, the Land Transport Authority (LTA) will look at borrowing for projects, such as the Kuala Lumpur- Singapore High Speed Rail. The National Environment Agency (NEA) will also look at borrowing to finance the upcoming Integrated Waste Management Facility. Advertisement Another key infrastructure project is Changi’s Terminal 5. Hence, Heng said that a $5 billion Rail Infrastructure Fund will be set up to save for major rail lines. This is the first time the Singapore government is looking to borrow for major infrastructure projects since the 1980s. Advertisement Government borrowed in our earlier year...

Full article: https://mothership.sg/2018/02/spore-govts-borrowing-for-t...

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