, S$700 million has been allocated to finance Jurong Region Line and the Cross Island Line of the country's rail network.
. The second tranche of Green SGS bonds was issued on Sep 4, 2023, and its allocation and impact details will be included in next year’s report. Proceeds from green bond issuances must adhere to guidelines and can be used for projects such as renewable energy, energy efficiency, preventing pollution and climate change adaptation.
"The expansion of Singapore’s electric rail network will enhance connectivity and encourage more commuters to take mass public transport," the Monetary Authority of Singapore added in a separate press release in August 2022.
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