In the short term, funding for projects such as a USS$400mil upgrade to the city-state’s drainage systems to boost flood resilience would come from ministry-level expenditures, Minister for the Environment and Water Resources Masagos Zulkifl(pic)i said
SINGAPORE: Singapore is weighing options including the issuance of government bonds to fund the S$100bil (US$72.3bil) it could take to fight rising sea levels over the next century.
In the short term, funding for projects such as a USS$400mil upgrade to the city-state’s drainage systems to boost flood resilience would come from ministry-level expenditures, Minister for the Environment and Water Resources Masagos Zulkifli(pic) said in an interview.
Longer-term spending, he said, could require the government to tap its national reserves and issue state bonds.
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