|
Development expenditure is estimated
to decrease by 2.0% to $8.79 billion. Of this, a sum
of $4.79 billion forms direct expenditure for projects
undertaken by the ministries. The remaining sum of $4
billion forms capital grants for projects undertaken
by the statutory boards and aided institutions.
Major on-going development projects
undertaken by ministries include the selective en-bloc
redevelopment scheme for public housing ($385.80 million),
the programme for rebuilding and improving existing
Government primary and secondary schools ($453.77 million),
Phase 1 of the deep tunnel sewerage system ($342.22
million) and the construction of Kallang and Paya Lebar
Expressway ($242.70 million).
The bulk of the capital grant goes
to the statutory boards under MOE ($1.14 billion), the
Ministry of National Development (MND) ($950.30 million),
the Ministry of Trade and Industry (MTI) ($861.22 million)
and the Ministry of Transport (MOT) ($658.81 million).
MOE's provision is for the upgrading and development
of facilities in the higher educational institutions
and aided schools. The bulk of MND's provision is for
capital grant to the Housing and Development Board for
its bottom-line financing and upgrading programmes ($901.38
million). The provision for MTI is mainly to fund the
Science and Technology Plan 2005 ($538.35 million).
MOT's provision is mainly for the Land Transport Authority
($658.81 million) for rail development projects.
|
