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Singapore to inject initial $5 bil into new rail infrastructure fund

Singapore Budget

Singapore to inject initial $5 bil into new rail infrastructure fund

The Edge Singapore Published on Mon, Feb 19, 2018 / 5:26 PM GMT+8

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SINGAPORE (Feb 19): The government is setting up a new Rail Infrastructure Fund to build major MRT lines in the future.

It will inject an initial $5 billion in FY18 into the new fund.

Finance Minister Heng Swee Keat said the initial injection of $5 billion could be topped up in the future when the government's fiscal position allows.

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