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Development expenditure is estimated to increase by 8.5%
to $9.58 billion. Of this, a sum of $4.83 billion forms direct
expenditure for projects undertaken by the ministries. The
remaining sum comprises capital grants ($4.55 billion) and
capital injections ($0.20 billion) for projects undertaken
by the statutory boards and aided institutions.
Major on-going development projects include Phase I of the
deep tunnel sewerage system ($0.69 billion), the Kallang and
Paya Lebar Expressway ($0.43 billion), the selective en-bloc
redevelopment scheme for public housing ($0.29 billion) and
rebuilding and improving Government schools/junior colleges
($0.26 billion).
The bulk of the capital grants goes to the statutory boards
under the Ministry of Transport (MOT) ($1.16 billion), the
Ministry of Trade and Industry (MTI) ($1.10 billion), MOE
($0.97 billion), the Ministry of National Development (MND)
($0.89 billion) and MITA ($0.25 billion). MOT’s provision
is for the various rail projects by the Land Transport Authority
(LTA). Of the grant of $1.16 billion to LTA, a sum of $0.94
billion is for the development of the Circle Line. MTI’s
provision is mainly for R&D projects by the Agency for
Science, Technology and Research. MOE’s provision is
for the upgrading and development of facilities in the higher
educational institutions and aided schools. MND’s provision
is largely for the Housing and Development Board (HDB) for
agency work done on behalf of Government and public housing
subsidies for home ownership activity and rental of flats
($0.86 billion).
The estimated sum of $0.20 billion for capital injections
to statutory boards is for projects which are developmental
and investment in nature. The bulk of the provision goes to
ENV ($0.10 billion) and MOH ($0.90 billion) for financing
the transfer of land, building and other assets from the Government
to these agencies.
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