For the Phase 2 of the $10 billion Deep Tunnel Sewerage System (DTSS), Singapore government will use the part of the $90b that it will borrow for large infrastructure projects. First time Singapore government borrow money for infrastructure project since 1980s.
cover tunnel photo by: Matt Brown from London, England / CC BY
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https://www.straitstimes.com/singapore/environment/phase-2-of-underground-highway-for-used-water-to-be-financed-through-borrowing
Phase 2 of underground 'highway' for used water to be financed through borrowing: MOF
www.straitstimes.comThe second phase is estimated to cost about $6.5 billion.. Read more at straitstimes.com.