SINGA, green bonds to finance infrastructure, sustainability projects
Industry observers welcome the news, saying that it is aligned with the Singapore Green Plan 2030 for sustainability
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Singapore
IN a first since the 1980s, the government will borrow to finance its infrastructure projects. This will primarily be done through the new Significant Infrastructure Government Loan Act (SINGA) bonds, which will finance major, long-term infrastructure developments.
The government will also issue green bonds for sustainability projects, including green public infrastructure.
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