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$2.8b in green bond proceeds allocated to JRL, CRL MRT lines
The Straits Times
|September 30, 2025
Green bond proceeds worth $2.8 billion have been allocated for the financial year 2024 to fund capital expenditure of the Jurong Region Line (JRL) and the Cross Island Line (CRL), according to the Singapore Green Bond Report for financial year 2024 released by the Ministry of Finance (MOF) on Sept 29.
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The remaining $3.6 billion of proceeds are expected to be fully allocated to the JRL and the CRL by the end of FY2026, according to the report — which details the allocation of the proceeds from Singapore’s sovereign green bonds in FY2024 and the expected environmental impact of financed projects.
Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and National Development, and chair of the green bond steering committee, said the report “reflects (Singapore’s) commitment to a robust green bond programme and high-quality issuances to finance... green infrastructure”.
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