Significant Infrastructure Government Loan Bill

The Significant Infrastructure Government Loan Bill authorizes the Government to raise loans for the Development Fund specifically aimed at nationally significant infrastructure. The borrowing is capped at S$90 billion and must be used for projects that enhance national productivity and sustainability, with loans classified as qualifying capital expenditures. The Monetary Authority of Singapore will facilitate the issuance of securities and manage related transactions. The Bill amends existing laws to integrate its provisions, and repeals outdated legislation no longer relevant to current financial practices.