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Budget 2025: Govt injects additional S$5B into Coastal and Flood Protection Fund

Summary by sgtalk.net

Budget 2025: Govt injects additional S$5B into Coastal and Flood Protection Fund Prime Minister Lawrence Wong announced on 18 February that an additional $5 billion will be injected into the Coastal and Flood Protection Fund, originally set up in 2020 to safeguard Singapore against rising sea levels and enhance flood resilience. The fund will support a range of solutions, including sea walls, tidal gates, and land reclamation, such as the deve…

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Budget 2025: Govt injects additional S$5B into Coastal and Flood Protection Fund

SINGAPORE:Prime Minister Lawrence Wong revealed on 18 February that another $5 billion will be added to the Coastal and Flood Protection Fund. This top-up marks a continuation of efforts initiated in 2020, ensuring that the country can safeguard its shores and enhance flood resilience in the face of climate change. The fund, first established with an initial $5 billion injection in 2020, is intended to finance both coastal protection and drainag…

4 days ago

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