More funding to enhance aviation and maritime sectors

Singapore

TWO funds will receive financial injections to help strengthen Singapore's aviation and maritime sectors, by focusing on areas such as talent development.

The Civil Aviation Authority of Singapore (CAAS) on Wednesday announced that it will replenish the Aviation Development Fund (ADF) from April 1, with S$160 million over the next five years. The fund, set up in 2010, initially had a size of S$100 million.

S$140 million, or the lion's share of the S$160 million, will go towards raising airport productivity and developing manpower. The remaining S$20 million will be channelled towards other projects which will benefit the local aviation industry.

Meanwhile, the Maritime and Port Authority of Singapore (MPA) will inject a further S$65 million into the Maritime Cluster Fund (MCF)-Manpower Development (MD) programme, which will be u…