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 has allocated $3.7 billion from its green-bond proceeds to finance the expansion of its electric rail network in the 2025 fiscal year, specifically targeting the Jurong Region Line (JRL) and Cross Island Line (CRL). The funding comes from a combination of bond issuances, including $142.1 million from the second tranche of 30-year green bonds issued in May 2025, $1.5 billion from the third tranche of 50-year green bonds issued in October 2024, and $2.1 billion from the first 30-year green bonds issued in June 2024.
The remaining $2.7 billion is expected to be allocated by the end of FY2026, with the funds either held in a separate cash account or invested in short-term liquidity instruments, as per the Singapore Green Bond Framework.
Brief written by urgent.news from Straits Times Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
