Govt tables Bill to allow borrowing for major infrastructure projects, with safeguards are in place

Singapore intends to borrow to pay for infrastructure projects that cost at least S$4 billion and can be used for at least 50 years. A bill has been tabled in Parliament to allow for this. Only major, long-term projects deemed as “nationally significant infrastructure” will qualify for borrowing under the Significant Infrastructure Government Loan Act (SINGA). Professor Sumit Agarwal from the NUS Business School shared his thoughts on the safeguards and the benefits of the bonds.

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