Singapore to pump-prime the economy by spending $12 bln on infrastructure in '09

Forbes.com, 23 Mar 2009
SINGAPORE, March 23 (Reuters) - Singapore, expected to be emerging Asia's worst hit economy this year, plans to spend between S$18 and S$20 billion ($11.9-$13.2 billion) on infrastructure projects in 2009, a government minister said on Monday.
In 2010 and 2011, the government would continue to invest another S$15 to S$17 billion each year in building and infrastructure projects, Grace Fu Hai Yien, Senior Minister of state for National Development, told a seminar on Asia infrastructure.
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