Business Times (Malaysia), 26 Apr 2009
SINGAPORE: Singapore, expected to be emerging Asia's worst hit economy this year, plans to spend between S$18 billion and S$20 billion (S$1 = RM2.41) on infrastructure projects in 2009, a government minister said yesterday.
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.
Fu said the 2009 spending included construction of a new cruise liner terminal, new roads and parks, and the upgrading of schools, sports facilities and public housing estates.
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