Singapore set aside $3.7 billion of green-bond proceeds for electric rail expansion in FY2025
Govt has so far allocated a total of $9.3 billion from green bonds towards financing JRL and CRL.
Singapore allocated over $3.7 billion from its green-bond proceeds to fund the expansion of its electric rail network in the fiscal year ending March 31, 2026. This funding encompassed $142.1 million from the second issue of 30-year green bonds, $1.5 billion from the third tranche of 50-year bonds, and $2.1 billion from the inaugural 30-year bonds.
The Ministry of Finance reported that a further $2.7 billion remains unallocated for the two rail lines, with both lines expected to be completed by 2030. The JRL, a 24km train track serving the western part of Singapore, is slated for completion in 2029, while the CRL, projected to be the longest fully underground line, is due by 2032.
The expansion of the rail network is anticipated to reduce land-transport emissions by half by 2040 and achieve net-zero emissions by 2050.
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