MND to give lift maintenance, replacement grants to town councils
TOWN councils in Singapore will get more funding from the Ministry of National Development (MND) to maintain and replace lifts, the ministry said in a press release Thursday afternoon.
It said it will give town councils a "lift maintenance grant" of S$600 for each lift that the town council owns and maintains. That is expected to cost the government S$13 million a year.
It will also match half of town councils' quarterly "lift replacement fund" contributions, it said, adding that this new matching grant is expected to cost the government over S$50 million in the coming year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hong Kong growth beats forecast as recovery gains traction
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Thailand to increase daily minimum wage to 400 baht in Oct
UK set for weak growth and highest inflation in G7, OECD says
German manufacturing downturn eases in April, PMI survey shows
India RBI's FX intervention eases as conditions turn favourable for rupee